What is accounting valuation basis for consolidating assets

Assignment Help Financial Accounting

Reference no: EM131222653

In this discussion post, name all of Kohl's subsidiaries. Then answer the following questions:

• What is the accounting valuation basis for consolidating assets and liabilities in the business combination?

• What percentage ownership does the parent have in one of the subsidiaries reported?

• Are there any outside interests that have been accounted for with this subsidiary?

• Is there any goodwill recorded? If yes, are there notes in the financial statement regarding a goodwill impairment loss? If so, how were they recorded? If not, how and when should any goodwill impairment loss be recorded?

Reference no: EM131222653

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