Select three of the following questions for your initial response. Copy and paste the questions you decide to answer in bold type with your answers directly below each question. It is a good idea to select questions that you do not know the answer to or would like to understand better. Also, be bold, and answer a question you have not seen a classmate answer yet. Make sure to include authoritative support for your answers, preferably from the Accounting Standards Codification, where possible.What effect will a subsidiary's 15% stock dividend have on the consolidation entries used in preparing a consolidated balance sheet at the end of the year in which the dividend is distributed?What effect will a subsidiary's 15% stock dividend have on the consolidated financial statements?S Corporation holds 70% ownership of B Company, and B Company holds 60% of P Company. Should P Company be consolidated with S Company? Why or why not?P Company holds 80% percent ownership of S Company, and S Company owns 90% of the stock of T Company. What effect will $100,000 of unrealized company profits on T's books on December 31, 20X5 have on the amounts reported as consolidated net income and income assigned to the controlling interest?How will parent company shares held by a subsidiary be reflected in the consolidated balance sheet when the treasury stock method is used?Explain how a reciprocal ownership arrangement between two subsidiaries could lead the parent company to overstate its income if no adjustment is made for the reciprocal relationship?How do the consolidation entries at the end of the year change when an acquisition occurs at midyear rather than the beginning of the year?What factors would cause an acquirer to include deferred tax assets and liabilities in the net identifiable assets acquired?Are there any book-tax differences that may arise in an acquisition that do not require the inclusion of a deferred tax asset or liability in the net identifiable assets acquired?How do unrealized profits on intercompany transfers affect the amount reported as income tax expense in the consolidated financial statements?How are dividends paid to the parent's preferred shareholders and to the subsidiary's preferred shareholders treated in computing consolidated EPS?Why are payments to suppliers not shown in the statement of cash flows when the indirect method is used in presenting cash flows from operating activities?In your initial response, ensure you incorporate relevant real life scenarios and/or academic debates and include in bold type the above question(s) you are answering.

Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding. Also, provide a graduate-level response to each of the following questions:  a.Lewis Vacation Rentals has been experiencing a recent decline in its bookings. In an effort to increase sales, the company is offering its employees a 1 percent share in the company profit over the next six months in addition to regular employee salaries. Will this plan increase motivation? Why or why not?