Go to the SEC Web site: www.sec.gov. Under \"Filings & Forms (EDGAR),\" click on

Question

Go to the SEC Web site: www.sec.gov. Under "Filings & Forms (EDGAR)," click on "Search for Company Filings." Click on "Company or fund name." a. Under Company Name, enter "Ford Motor Co" (or under Ticker Symbol, enter "F"). Select the 2010 10-K. Review the Sector Statement of Income found a little over helf-way through the document. Describe in some detail the consolidation presentation. (Refer to comments in this chapter.) b. Type in "Dow Chemical Co: (or under Ticker Symbol, enter "DOW"). Select the 2010 10-K. Review the consolidated statements of income. Describe in some detail the consolidated presentation. (Refer to comments in this chapter.)

Explanation / Answer

This Standard should be applied in the preparation and presentation
of consolidated financial statements for a group of enterprises under the
control of a parent.
2. This Standard should also be applied in accounting for investments
in subsidiaries in the separate financial statements of a parent.
3. In the preparation of consolidated financial statements, other Accounting
Standards also apply in the same manner as they apply to the separate

A parent which presents consolidated financial statements
should present these statements in addition to its separate financial
statements.

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