Equity and Acquistion Method Question in CFAI Mock Morning methods, current, Goodluck

HuskyGrad2010

Hi All,

I seriously think that the explanations for questions 32, and 36 are wrong.

Q32: Why is cash not subtracted when calculating the current assets for both acquisition and proportional consolidation methods?

Q36: Why would you use the acquisition method when you have to use the Equity method under US GAAP

Kindly help me with the above two and Goodluck to all.