Are assets for subsidiaries consolidated onto the parent’s balance sheet?
If the parent company owns more than 50% of a subsidiary, then the assets of that subsidiary must be consolidated. As an example, let’s say that Golden Gate Ventures has three subsidiaries. As you can see in the visual below, you would include the assets for Sonoma and Alcatraz in the consolidated financial statements since ownership is above 50%. Napa would be excluded since ownership is below 50%.
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