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Summarize concepts from the first 3 chapters. What have you learned? I would like to see summary of: 1. Chapter 1: Equity method (new account

Summarize concepts from the first 3 chapters. What have you learned? I would like to see summary of:

1. Chapter 1: Equity method (new account titles, how account balances change for each)

2. Chapter 2: List the 3 types of business combinations and define them. Define acquisition method Also list the first 2 consolidation entries for acquisitions.

3. Chapter 3: What are the 3 methods parents can use to record investment in subsidiary? What are the consolidation entries for each method?

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