Answer True or False to the following statements

1. Consolidation is not required when a subsidiarys operation are not homogenous with those of the parent company.
2. An investor records its share of its investees income when the investor has an influential interest in its investee.
3. Where the parent company owns less than 100% interest, a portion of the subsidiary equity accounts will not be eliminated.
4. The direct acquisition cost of a business combination can be deducted from the value assigned to paid in capital in excess of par.
5. Acquisitions costs should be expensed in the period subsequent to the purchase.
6. Goodwill is considered impaired if the market value of the business is less than the recorded book values.