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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