QUIZ PartArtimin e 1. What Capital expenditure? 3. In which financial statement des capital expenditure appear 4. In which financial statement des revenue expenditure appear 5. Expenses incurred for incorporation of a company are called 6. These expenses are categorized capital expenditure revenue expenditure 7. What is the counting treatment for these expenses -- - ------- - Give examples of these types of expenses -- 9. What is the journal entry when these expenses are cred.--- P B Consolidated Financial Statements 10. Company Xcontrols Company Y by means of holding majority shares in that company. Co Xis called - and Co. Y is called ... 11. How does FASB define consolidated financial statements? -- 12. If a company doesn't choose to use consolidated subsidiary financial statement reporting it may account for its subsidiary ownership using the following 2 methods: ------- -- 13. Give two purposes as to why consolidated financial statements are used