In Ch.4, we learned how to prepare the consolidation worksheet and come up, in the last column of the worksheet, with the numbers that should appear in the consolidated income statement, balance sheet, etc. Take a close look at one of the worksheets that you have done. Are we reporting the subsidiary's assets at their historical cost (amount the subsidiary had paid), at their market value when the parent acquired the subsidiary, or at their market value at the current fiscal year end? What are the justifications for valuating the subsidiary assets this way?