The Parent Company acquired 80% of the Sub Corporation's voting stock on January 1, 2018. Which of the following is not an accurate description of the consolidated balance sheet on January 1, 2018?
A. Consolidated assets do not include the Investment in Sub account.
B. Consolidated assets will include goodwill if the imputed total business fair value of Sub is in excess of the fair value of Sub's identifiable assets.
C. Consolidated stockholders' equity does not include the stockholders' equity of the Sub Corporation.
D. The fair value of both Parent's and Sub's assets are included within the consolidated balance sheet.
Answer: D
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