Consolidated financial statements:

A) Show the financial statements of all entities under the parent's control,including all subsidiaries.
B) Show the results of operations,cash flows,and the financial position of the parent only.
C) Show the results of operations,cash flows,and the financial position of the subsidiary only.
D) Include line items for investments in the subsidiaries on the balance sheet.
E) Do not include a balance sheet.

Consolidated Financial Statements

Financial statements that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries.

Parent's Control

Parent's control refers to the influence or authority that a parent company holds over its subsidiaries, managing or directing their operations and strategic decisions.

Subsidiaries

Subsidiaries are companies that are controlled by another company, known as the parent company, through majority ownership of shares.