1-Which TWO (Select only two) are correct in respect of consolidated financial statements?

1- a parent can consolidate a subsidiary with a year end that is different to its own, providing the difference is not more than three months.

2- a subsidiary is acquired mid-year, the group share of the subsidiary's income and expenses is time apportioned and recognised line by line in the consolidated statement of profit or loss.

3- goodwill is amortised over its useful life.

4- any excess of the fair value of net assets acquired over the fair value of consideration transferred on acquisition of a subsidiary is recognised in profit or loss.