1.Explain how "consolidated net income" and "consolidated retained earnings" bases work and are obtained under the Complete Equity Method.

2.Does the partners' interest in net income or loss have to be proportional to their respective capital interests? Explain the composition of partnerships equity section while discussing how the items (accounts) in that composition work from the standpoint of journalizing.

3.what is the impact of new standards on loan funds in the view of accounting regime or implementations?

4.Discuss howthe controlling interest in income may be determined when the parent company owns both common and preferred stock of the subsidiary