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Briefly discuss the impact of joint-venture investments (i.e., equity method investment) on the B/S when the firm decided to control the investees (by acquiring more

Briefly discuss the impact of joint-venture investments (i.e., equity method investment) on the B/S when the firm decided to control the investees (by acquiring more than 50%).

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December 31, 2018 December 31, 2017 $ S ASSETS Current assets Cash and equivalents Accounts and notes receivable, net (1) Prepaid expenses and other (1) Assets held for sale 316 2,133 249 383 1,973 235 149 2,740 1,793 8 2,706 1,956 Property and equipment, net Intangible assets Brands Contract acquisition costs and other (1) Goodwill 5,790 2,590 9,039 17,419 732 125 171 587 23,696 $ 5,922 2,622 9,207 17,751 734 142 Equity method investments (1) Notes receivable, net Deferred tax assets Other noncurrent assets (1) 93 593 23,846 $ S LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Current portion of long-term debt Accounts payable Accrued payroll and benefits Liability for guest loyalty program Accrued expenses and other (1) 833 S 767 1,345 2,529 963 6,437 8,514 2.932 485 731 2,372 398 783 1,214 2,121 1,291 5,807 7,840 2,819 605 583 2,610 Long-term debt Liability for guest loyalty program Deferred tax liabilities (1) Deferred revenue Other noncurrent liabilities (1) Shareholders' equity Class A Common Stock Additional paid-in-capital Retained earnings Treasury stock, at cost Accumulated other comprehensive loss 5 5,814 8,982 (12,185) (391) 5 5,770 7,242 (9,418) (17) 3,582 23,846 2,225 S 23,696 S

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