Just doing EOC questions for intercorporate investments and the soln for #30, they show total asset runover on beginning assets using consolidation = 1460/2950. Under consolidation, Assets = 2140-320-1070+60 + 2950. Where is this 60 coming from? is this fair value of the licenses that are included?
Can it be suggested that asset turnover, generally, is lowest using the equity method or would it be wrong to use this as a rule of thumb?