In a Father-Son-Grandson Combination, Which of the Following Statements Is

question 33

Multiple Choice

In a father-son-grandson combination, which of the following statements is true?

• A) Companies that are solely in subsidiary positions must have their realized income computed first in the consolidation process.
• B) Father-son-grandson configurations never require consolidation unless one company owns 100% of at least one other member of the combined group.
• C) The order of the computation of realized income is not important in the consolidation process.
• D) The parent must have its realized income computed first in the consolidation process.
• E) None of the above.