Question: 1. Compare proportionate consolidation with capitalizing of all leases extending beyond a year, another example of rigid uniformity.
2. The equity method reports neither the investor's cost nor the market value of the investment. Do you believe the equity method provides useful information? Why or why not?
3. What meant by the term one-line consolidation? What differences occur in financial statements when a one-line consolidation rather than full consolidation is. used?