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Regardless of the method of acquisition; direct costs, costs of issuing securities and indirect costs are treated as follows: Treatment to the acquiring company: When purchasing the net assets the acquiring company records in its books the receipt of the net assets and the disbursement of cash, the creation of a liability or the issuance of stock as a form of payment for the transfer.Treatment to the acquired company: The acquired company records in its books the elimination of its net assets and the receipt of cash, receivables or investment in the acquiring company (if what was received from the transfer included common stock from the purchasing company).You can Add Files on the window then select the Financial Reports you want to run for the selected Company Files.  Here's a useful link on Combined Reports:  hope this helps.☺' data-inline-edit-type='wysiwyg' data-inline-edit-url='/answers/2228622' id='inline_edit_answer_2228622_body' Hi wktoddcpa.

Please go to the Reports Menu then select Combined Reports from Multiple Companies.Let’s be more practical today and learn some advanced accounting techniques.After summaries of standards related to consolidation and group accounts, I’d like to show you how to prepare consolidated financial statements .Upon consolidation, the original organizations cease to exist and are supplanted by a new entity.A parent company can acquire another company by purchasing its net assets or by purchasing a majority share of its common stock.

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