Question

If Push Company owned 51 percent of the outstanding common stock of Shove Company, which method would be appropriate for financial reporting purposes?

Answer 1

Consolidation

Explanation:

Holding method is required for the parent company for financial reporting if the parent company owns 51 percent of more outstanding common stock in the subsidiary.

Here consolidate refers to the combining of total assets and liabilities of two or more entities into one so that it could be maintained as a one firm

Therefore for financial reporting consolidation is appropriate