A parent company must prepare consolidated financial statements when a corporation owns more than 50%...
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Accounting
A parent company must prepare consolidated financial statements
when a corporation owns more than 50% of the common stock of another company
when a corporation owns more than 20% and less than 40% of the common stock of another company
only when a corporation owns 100% of the common stock of another company
whenever the market value of the stock investment is significantly lower than its cost
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