ACC 440 Week 3 DQs

This paperwork of ACC 440 Week 3 Discussion Questions shows the solutions to the following problems:

DQ1: What are some of the issues we may run into when consolidating financial statements at period end? What types of transactions need to be addressed in a consolidation?

DQ2: Why do most parent companies acquire 100 percent ownership of the subsidiary when 51 percent would grant them economic control? What are the economic reasons supporting more than a 51 percent ownership level?