25. Corporation Parent (P)owns 85 percent of Corporation A1; Corporation A1 owns 60 percent of Corporation A2; Corporation A2 owns 90 percent of A3;

25. Corporation Parent (P)owns 85 percent of Corporation A1;

Corporation A1 owns 60 percent of Corporation A2; Corporation A2

owns 90 percent of A3; Corporation A3 owns 60 percent of Corporation

A4 and 15 percent of Corporation A2; Corporation A4 owns 100 percent

of Corporation A5. Identify the consolidated group(s) of corporations.

a. P---A1---A2---A3---A4---A5

b. P---A1 only

c. P---A1and A2---A3---A4---A5

d. P---A1; A2---A3; and A4---A5

e. P---A1 and A2---A3