MATCHING Match the terms in the list to the definitions below. Each term may be used only once. A. Parent B. Subsidiary C. Majority owned D. Wholly owned E. Totally held F. Elimination 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. G. Workpaper H. Consolidated statements I. Difference between implied and book value Goodwill J. L. Intercompany transaction M. Investment in S N. P-only statement O. Noncontrolling interest Statements prepared for the parent company and its subsidiaries The excess of the value implied by the purchase price over the fair value of the subsidiary's identifiable net assets A parent owns at least 50 percent of a subsidiary anoner An entry made to remove P's investment account and P's share of S's equity accounts The portion of equity in S not owned by P A company that is owned in whole or in part by another company The account on P's books that reflects its interest in S P loans money to S The parent company owns 100 percent of the subsidiary A document used by the parent in the preparation of consolidated financial statements The parent company owns and controls substantially all of the subsidiary A company which owns a majority of the stock of one or more companies Financial statements prepared primarily for the creditors of the parent company The amount which arises when the parent company's cost is not the same as its share of the recorded value of the subsidiary company's net assets

MATCHING Match the terms in the list to the definitions below. Each term may be used only once. A. Parent B. Subsidiary C. Majority owned D. Wholly owned E. Totally held F. Elimination G. Workpaper H. Consolidated statements I. Difference between implied and book value J. Goodwill L. Intercompany transaction M. Investment in S N. P-only statement O. Noncontrolling interest 1. Statements prepared for the parent company and its subsidiaries 2. The excess of the value implied by the purchase price over the fair value of the subsidiary's identiflable net assets 3. A parent owns at least 50 percent of a subsidiary 4. An entry made to remove P's investment account and P's share of S's equity accounts 5. The portion of equity in S not owned by P 6. A company that is owned in whole or in part by another company 7. P loans money tos 8. The parent company owns 100 percent of the subsidiary 9. A document used by the parent in the preparation of consolidated financial statements 10. The account on P's books that reflects its interest in S 11. The parent company owns and controls substantially all of the subsidiary 12. A company which owns a majority of the stock of one or more companies 13. Financial statements prepared primarily for the creditors of the parent company 14. The amount which arises when the parent company's cost is not the same as its share of the recorded value of the subsidiary company's net assets