Buckette Co. owned 60% of Shuvelle Corp. and 40% of Tayle Corp., and Shuvelle owned 35% of Tayle.When Buckette prepares consolidated financial statements, it should include
A. Shuvelle and Tayle.
B. Shuvelle but not Tayle.
C. Either Shuvelle or Tayle.
D. Tayle but not Shuvelle.
E. Neither Shuvelle nor Tayle.
Answer: A
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