1) An investor argues that a Bargain generated from an acquisition should be recognized in the same manner as goodwill. Using the Codification, how can you refute the statement? Support your response with a specific reference to the appropriate section of the Codification: Reference example: ASC 954-320-55

2) In some cases parent-entity financial statements may be needed, in addition to consolidated financial statements, to indicate adequately the position of bondholders and other creditors or preferred shareholders of the parent. Consolidating financial statements, in which one column is used for the parent and other columns for particular subsidiaries or groups of subsidiaries, often are an effective means of presenting the pertinent information. However, consolidated financial statements are the general-purpose financial statements of a parent having one or more subsidiaries; thus, parent-entity financial statements are not a valid substitute for consolidated financial statements.

In your own words, explain what this means read 810-10-45-11 about Consolidations

3) How do differences in culture, social values, political systems, technology and economic systems impact mergers/acquisitions in this global environmental?

Any assistance is greatly appreaciated.