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    Advance Assignement Two

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    Solomon Abebe
    This document outlines an individual assignment for an advanced accounting course. It includes discussion questions about key terms like business combinations and consolidated financial statements. It also includes blank spaces to be filled in with answers about how consolidated financial statements are prepared based on the method of business combination, how control is determined between parent and subsidiary companies, and circumstances where subsidiaries would be excluded from consolidated statements.

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    Advance Assignement Two

    Uploaded by

    Solomon Abebe
    157 views1 page
    This document outlines an individual assignment for an advanced accounting course. It includes discussion questions about key terms like business combinations and consolidated financial statements. It also includes blank spaces to be filled in with answers about how consolidated financial statements are prepared based on the method of business combination, how control is determined between parent and subsidiary companies, and circumstances where subsidiaries would be excluded from consolidated statements.

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    Advanced Accounting assignment

    Original Title

    Advance Assignement two

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    This document outlines an individual assignment for an advanced accounting course. It includes discussion questions about key terms like business combinations and consolidated financial statements. It also includes blank spaces to be filled in with answers about how consolidated financial statements are prepared based on the method of business combination, how control is determined between parent and subsidiary companies, and circumstances where subsidiaries would be excluded from consolidated statements.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    157 views1 page

    Advance Assignement Two

    Uploaded by

    Solomon Abebe
    This document outlines an individual assignment for an advanced accounting course. It includes discussion questions about key terms like business combinations and consolidated financial statements. It also includes blank spaces to be filled in with answers about how consolidated financial statements are prepared based on the method of business combination, how control is determined between parent and subsidiary companies, and circumstances where subsidiaries would be excluded from consolidated statements.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Admas University

    Olympia Campus
    Department of Accounting & Finance
    Individual Assignment II on the course advanced Accounting
    By Instructor Dirar Abreha Phone Number: - 0914189646
    Last submission June 13/2020
    I. Discuss the following terms
    1. What is Business combination?
    2. Discuss the need (reasons) for business combination.
    3. Discuss the types of business combination.
    4. Discuss the methods (forms) of business combination.
    5. What is the meaning of consolidated Financial Statements?
    6. Which financial statement could be consolidated at the date of acquisition?
    II. Fill the following blank space with proper Answers
    1. Consolidated financial statements can be prepared if the method of business
    combination is ______________________________
    2. When one company controls another company through direct or indirect ownership
    of its voting stock
    a. Acquiring company referred to as the___________________.
    b. Acquired company referred to as the ___________________.
    c. Other shareholders considered ________________________.
    d. Parent records interest in subsidiary____________________.
    3. When one company acquires the majority voting outstanding stock of another
    company then that company will have __________________power.
    4. ____________means the possession, direct or indirect, of the power to direct
    management and policies of another entity, whether through the ownership of voting
    shares.
    5. Circumstances when majority-owned subsidiaries should be excluded from the
    consolidated statements:
    a. ________________________________________
    b. ________________________________________
    c. ________________________________________
    6. Control might be lost for a number of reasons, such as
    a. _________________________________________
    b. _______________________________________
    c. _______________________________________

    7. Consolidated Financial Statement Presented primarily for those parties having a long-
    run interest in the parent company such as:
    a. __________________________
    b. _________________________

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