In order to SolutionAs per policy only first four questions

Solution

As per policy only first four questions will be answered.

1. False

Consolidated financial statements must be prepared when one company owns more than 50 percent of the outstanding voting stock of another company.

2. True

As subsidiary is completely owned by the parent company.

3. False (It reflects the impact of both decisions, operating and financing)

4. False

A cost object us anything for which a separate measurement of costs is desired.