What is the accounting valuation basis for consolidating ass

What is the accounting valuation basis for consolidating assets and liabilities in the business combination? What percentage ownership does the parent have 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 it? If not, how and when should any goodwill impairment loss be recorded? Use the EDGAR database, the company that you will choose will have to be the first letter of my first name which is S

Solution

For combinations resulting in complete ownership, the acquisition method allocates the
fair value of the consideration transferred to the separately recognized assets acquired
and liabilities assumed based on their individual fair values.

A business combination is the process of forming a single economic entity by the uniting
of two or more organizations under common ownership. The term also refers to the
entity that results from this process.