5) Within the consolidation process, what is the purpose of a worksheet?

6) Jones Company obtains all of the common stock of Hudson, Inc., by issuing 50,000 shares of its own stock. Under these circumstances, why might the determination of a fair value for the consideration transferred be difficult?

7) What is the accounting valuation basis for consolidating assets and liabilities in a business combination?

8) How should a parent consolidate its subsidiarys revenues and expenses?