When a parent uses the acquisition method for business combination and sell shares of its subsidy which of the following statements is false gain or loss calculation must be prepared of control as laws if majority control is not maintain influence no longer exist in perspective change in accounting principles to the fair value method is required majority controls maintain influence the equity method to count for the investment to use but consulted financial statements are not required control maintain financial statements are still required if majority control is not maintained but scenario influence exist the equity method is still used to count for the investment and consolidated financial statements or still required