Unconsolidated Subsidiary

Subsidiary showing individual financial statements that are not presented in the Consolidated Financial Statements. The Equity Method of accounting is used for unconsolidated subsidiaries.

Subsidiary showing individual financial statements that are not presented in the Consolidated Financial Statements. The Equity Method of accounting is used for unconsolidated subsidiaries. A subsidiary is not consolidated even though more than 50% of voting common stock is owned by the parent when one of the following situations exists: (1) parent is not in actual control of subsidiary (i.e., subsidiary is in a politically unstable foreign country); (2) parent has only temporary control of the subsidiary; or (3) the nature of the subsidiary's operations are significantly different than those of the parent.