Business Finance Homework Help

I’m working on a accounting discussion question and need a sample draft to help me learn.

1. When is consolidation considered inappropriate even though the parent company holds a majority of the voting common shares of another company?
2. Are consolidated financial statements likely to be more useful to the creditors of the parent company or the creditors of the subsidiaries?  Why or why not?
3. What characteristics are normally examined in determining whether a company is a primary beneficiary of a variable interest entity?