A subsidiary can be consolidated only if the subsidiary's year-end is within three months of the parent's year-end.

Name: A subsidiary can be consolidated only if the subsidiary's year-end is within three months of the parent's year-end.
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A subsidiary can be consolidated regardless of its year-end being within three months of the parent's year-end, as adjustments can be made to align their financial reporting periods for consolidation purposes.

A Subsidiary Can Be Consolidated Only If the Subsidiary's Year-End