8. What is the status of the several claimants to shares in the assets of a liquidating concern?
9. What are the fundamental principles of accounting involved in accounting for a liquidation?
Chapter XXIX
1. What various kinds of consolidations are there?
2. What is a holding company and how does it operate?
3. Distinguish between a consolidation and a merger.
4. What are some of the problems involved in the valuation of the various companies to a merger or consolidation? Discuss their treatment.
5. In such a valuation, why is it necessary to equalize conditions and what are the conditions which must usually be equalized?
6. In a partnership what particular items must be considered?
7. What is meant by earning capacity?