Consolidation of Statements: In today’s world of business acquisition of smaller companies is common and such acquisitions helps in the growth of the parent company. Once a company acquires another company the net assets of the other company is recorded in the books of the parent company. Consolidation of financial statements of both the parent company and subsidiary company is important for the stockholders of the parent company. A parent company may choose any of the two basic methods for consolidation and they are the equity method or cost method. The accounting methods used by a parent company for consolidation is purely based on their convenience. Amortization: Amortization is same as depreciation , but it is used for intangible assets like patents, franchise, goodwill , trademark etc. The cost of intangible assets is allocated to expense over its useful life and this process is called amortization. To explain : What is the non-controlling share of consolidated income and does it reflect fair value adjustments at purchase date and how it was displayed in the past and how it should be displayed now?

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Write down as many descriptions describing rock and roll that you can. From these descriptions can you come up with s denition of rock and roll? What performers do you recognize? What performers don’t you recognize? What can you say about musical inuence on these current rock musicians? Try to break these inuences into genres and relate them to the rock musicians. What does Mick Jagger say about country artists? What does pioneering mean? What kind of ensembles w

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Chapter 3, Problem 3UTI

To determine

Consolidation of Statements:

In today’s world of business acquisition of smaller companies is common and such acquisitions helps in the growth of the parent company. Once a company acquires another company the net assets of the other company is recorded in the books of the parent company. Consolidation of financial statements of both the parent company and subsidiary company is important for the stockholders of the parent company. A parent company may choose any of the two basic methods for consolidation and they are the equity method or cost method. The accounting methods used by a parent company for consolidation is purely based on their convenience.

Amortization:

Amortization is same as depreciation, but it is used for intangible assets like patents, franchise, goodwill, trademark etc. The cost of intangible assets is allocated to expense over its useful life and this process is called amortization.

To explain: What is the non-controlling share of consolidated income and does it reflect fair value adjustments at purchase date and how it was displayed in the past and how it should be displayed now?

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Write down as many descriptions describing rock and roll that you can. From these descriptions can you come up with s denition of rock and roll? What performers do you recognize? What performers don’t you recognize? What can you say about musical inuence on these current rock musicians? Try to break these inuences into genres and relate them to the rock musicians. What does Mick Jagger say about country artists? What does pioneering mean? What kind of ensembles w

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