Absolutely, here are the questions with specific values included:

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 XYZ Corporation is a multinational conglomerate operating in various industries. The company recently acquired a new subsidiary in a different country. The subsidiary reported assets of $10,000,000, liabilities of $5,000,000, revenues of $3,000,000, and expenses of $2,000,000. Explain how the consolidation of financial statements would be performed considering the subsidiary's financial data, including assets, liabilities, revenues, and expenses. Describe the process step by step, including the treatment of any intercompany transactions and the preparation of consolidated financial statements.