From a conceptual and practical standpoint please discuss, Accounting Basics

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From a conceptual and practical standpoint please discuss

Question: 1. From a conceptual and practical standpoint please discuss the benefits and/or negatives of the consolidating (financial statements) multiple companies for interest parties, particularly controlling and non-controlling interests.

2. In November 2006, YouTube, LLC was bought by Google Inc. for $1.65 billion, and now operates as a subsidiary of Google. Discuss the benefits that Google realized from acquiring YouTube.

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Accounting Basics: From a conceptual and practical standpoint please discuss

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