Renowned for its flexibility, clarity, and comprehensiveness, this user-friendly book discusses the underlying theory and application of business combinations, consolidated financial statements, foreign currency transactions, partnerships, and accounting for fund and non-profit organizations. Tabs to distinguish among the three methods for recording investments in subsidiaries: light blue for complete equity, darker blue for partial equity, and none for cost. Worksheet organized by financial statements: Income Statement first, followed by Statement of Retained Earnings, and Balance Sheet last. Authors also attempt to present the worksheets as close to the relevant text as possible.