DISCUSSION 4

ANSWER IN 2-3 PARAGRAPHS           AND USE SCHOLARLY SOURCE(S)

Using the U.S. Securities and Exchange Commission’s EDGAR database, select a public company that has consolidated subsidiaries. To minimize the chances of classmates selecting the same company, select one that begins with the same letter as your first or last name.

In your discussion post, name the company and all of its subsidiaries. Then answer the following questions:

• What is the accounting valuation basis for consolidating assets and liabilities in the business combination?
• What percentage ownership does the parent have in one of the subsidiaries reported?
• Are there any outside interests that have been accounted for with this subsidiary?
• Is there any goodwill recorded? If yes, are there notes in the financial statement regarding a goodwill impairment loss? If so, how were they recorded? If not, how and when should any goodwill impairment loss be recorded?