Which statement is true concerning the use of pushdown accounting by a subsidiary?

Select one:

a$.$

Using pushdown accounting, a subsidiary recognizes unrealized gains and losses on all its assets and liabilities at each balance sheet date.

b$.$

An acquired company is required to use pushdown accounting.

c$.$

If the subsidiary uses pushdown accounting, no eliminating entries are necessary to consolidate the parent and subsidiary.

d$.$

Using pushdown accounting, a subsidiary resets its accumulated other comprehensive income to zero at the date of acquisition.