Consolidated financial statements are prepared when a company owns _________ of the common stock of another company.

A) less than 20%
B) between 20% and 50%
C) less than 50%
D) more than 50%

Consolidated Financial Statements

Combined financial statements of a parent company and its subsidiaries, showing the financial results and financial position as if the group were a single entity.

Common Stock

Equity ownership in a corporation, granting shareholders voting rights and a share in the company's profits via dividends, pertaining to the fundamental stake in the company’s equity.