PART C 1) Explain in details the differences between Merger, Consolidation, and Acquisitions Support your answer with one recent example from the real world for each type. (Always give detailed information that would support you answer) (15 Marks) Explanation Name of the companies Detailed information about tuts business combination Merger Consolidation Acquisition (Answers not provided in a tabular format will be disregarded and any examples given dated before the year 2001 will not be considered) 2) "If the accountant did not prepare the elimination entry of unrealized profit in inventores at the end of any year the will affect the consolidated net come in that year and in all subsequent pears" Discuss the accuracy of this statement and support your answer with a numerical example (5 Marks) 3) What is the difference between upstream sale of inventory and a downstream sale? Why is it important to know the direction of sale when preparing the consolidated financial statements? (5 Marks) RADY PART C 1) Explain in details the differences between Merger, Consolidation, and Acquisitions Support your answer with one recent example from the real world for each type. (Always give detailed information that would support you answer) (15 Marks) Explanation Name of the companies Detailed information about tuts business combination Merger Consolidation Acquisition (Answers not provided in a tabular format will be disregarded and any examples given dated before the year 2001 will not be considered) 2) "If the accountant did not prepare the elimination entry of unrealized profit in inventores at the end of any year the will affect the consolidated net come in that year and in all subsequent pears" Discuss the accuracy of this statement and support your answer with a numerical example (5 Marks) 3) What is the difference between upstream sale of inventory and a downstream sale? Why is it important to know the direction of sale when preparing the consolidated financial statements? (5 Marks) RADY