Question: Buckette Co. owned 60% of Shuvelle Corp. and 40% of Tayle Corp., and Shuvelle owned 35% of Tayle. When Buckette prepared consolidated financial statements ,

Buckette Co. owned 60% of Shuvelle Corp. and 40% of Tayle Corp., and Shuvelle owned 35% of Tayle.

When Buckette prepared consolidated financial statements , it should include

A.

Shuvelle but not Tayle.

B.

Tayle but not Shuvelle.

C.

either Shuvelle or Tayle.

D.

Shuvelle and Tayle.

E.

neither Shuvelle nor Tayle.

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