Problem
1. Describe the implicit assumption made in SFAS No. 94 about the reporting entity. What is push-down accounting? What problems would arise in connection with the implementation?
2. How are minority interests handled in consolidations? What is an equity carve-out?
3. Distinguish among sell-offs, spin-offs, split-offs, and split-ups.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.