[Lighthaven]

So my confusion with business acquisitions mainly lies with how the Sub’s income, dividends, and other I/S accounts are accounted for on the Parent’s individual I/S, if at all. Also, I’m confused on what is and is not eliminated on the consolidated balance sheet for the Sub.

I’m actually really okay with MCQ’s for the date of acquisition (CAR IN BIG problems under Becker). It’s everything following that that seems to trip me up.

I understand that many people are trying to study themselves and don’t have time to list out everything. But has anyone found some helpful webpages or anything similar for this topic? I’ve reread the Becker chapter and I’m just still confused on it. Thanks!

AUD - 83
REG - 81 (2x)
FAR - 78
BEC - 85

And that's all she wrote.