Apply and demonstrate your knowledge of the concepts covered throughout the course by analyzing and interpreting the financial statements of a real, publicly traded corporation. Please select a publicly traded U.S. company that has acquired a controlling interest in a foreign subsidiary within the past 5 years. Using that company’s Web site, obtain the consolidated financial statements for the year of acquisition and the year subsequent to the acquisition. Based on the disclosures in the financial statements for the year of acquisition, Please answer the following questions: How did the company acquire the subsidiary? How did it account for that acquisition? What was the amount of the investment eliminated from the parent’s balance sheet, if applicable? If no investment was eliminated, why not? What was the amount of the equity eliminated from the subsidiary’s balance sheet, if applicable? If no equity was eliminated, why not?
