1.In chapter two, we discuss different types of investments and how they are accounted for on the financial statements. In 200 words or more, discuss some of the issues that affect equity investments. In particular, discuss how investor control is a concept relating to the accounting for investments.

2.

In chapter one, our topical coverage discusses new rules for consolidating financial statements. In 200 words or more, discuss issues that pertain to consolidations from an asset or liability valuation standpoint. For example, how is goodwill valued on a companys books?