Entity ABC and Entity XYZ together form Elemenope Entity, a construction company. Entity ABC has control over the house construction, and Entity XYZ has control over the financing activities. Both are considered relevant activities. Should either entity consolidate Elemenope. If so, describe how you came to that conclusion. (The process is more important than the specific answer).

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The Answer of Entity ABC and Entity XYZ together form Elemenope Entity, a construction company. Entity ABC has control over the house construction, and Entity XYZ has control over the financing activities. Both are considered relevant activities. Should either entity consolidate Elemenope. If so, describe how you came to that conclusion. (The process is more important than the specific answer).

Entity ABC and Entity XYZ Together Form Elemenope Entity, a Construction