Which of the following is true about consolidated financial statements prepared on the date of acquisition of a subsidiary?

The subsidiary's revenues and expenses from the entire year are included.

The subsidiary's assets and liabilities are reported at their historical cost.

Goodwill is recorded if the parent company paid more than the fair value of net assets of the subsidiary.

The parent company reports an investment in subsidiary separately on its balance sheet.

Which of the following is true about consolidated financial statements prepared on the date of acquisition of a subsidiary? The subsidiary's revenues and expenses from the entire year are included. The subsidiary's assets and liabilities are reported at their historical cost. Goodwill is recorded if the parent company paid more than the fair value of net assets of the subsidiary. The parent company reports an investment in subsidiary separately on its balance sheet