Company a a manufacturing conglomerate owns 85 of the


Company A a manufacturing conglomerate, owns 85% of the voting interests of Company B, a financial services company. Company B owns 65% of the voting interests of Company C, an automobile leasing company. In Company A's consolidated financial statements, should consolidation accounting or equity method accounting be used for Company B and Company C?

A. Equity Method used for both?

B. Equity for Company B and Consolidation for Company C?

C. Consolidation for both B and C?

D. Consolidation for Company B and equity for Company C?

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Financial Accounting: Company a a manufacturing conglomerate owns 85 of the
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