What is a basic premise of the acquisition method regarding accounting for a noncontrolling interest?

Multiple Choice

Consolidated financial statements should be produced only if both the parent and the subsidiary are in the same basic industry.

A subsidiary is an indivisible part of a business combination and should be included in its entirety regardless of the degree of ownership.

Consolidated financial statements should not report a noncontrolling interest balance because these outside owners do not hold stock in the parent company.

Consolidated financial statements should be primarily for the benefit of the parent company$$s stockholders.