True or false:

a) If an entity can exercise control over its investee, consolidation is required by GAAP.

b) A company using the Equity method reports its share of income from an investee company when the investee company makes distributions out of income.

c) When a company acquires an equity interest in another company gradually, over a period of years, it continues to use the fair value or cost methods of accounting until the date the investment qualifies for equity method accounting.