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QUESTION

The Bootsie Holding Company has sales exceeding $10 billion and each of its three, wholly-owned subsidiaries has sales exceeding $2 billion.

The Bootsie Holding Company has sales exceeding $10 billion and each of its three, wholly-owned subsidiaries has sales exceeding $2 billion. Three years ago, the subsidiaries had "complex" capital structures-until Bootsie acquired them. Bootsie's annual report shows its consolidated income and individual income statement accounts of each subsidiary company. Should Bootsi also report separate earnings-per-share balances for the three subsidiary companies? ca

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