For which of the following situations would it be appropriate to prepare a consolidated statement for VAN, COU, and VER?
a. VAN owns 60 percent of COU, and COU owns 40 percent of VER.
b. VAN owns 40 percent of COU, and COU owns 60 percent of VER.
c. VAN owns 20 percent of COU and 40 percent of VER, and COU owns 60 percent of VER
d. VAN owns 50 percent of COU, COU owns 40 percent of VER, and VER. owns 60 percent of VAN