economicz

Once again, thanks, markCFAIL.

But I still contend that a proportionate consolidation describes a joint venture, and it would be assuming too much to assume any cash changes hands.

And, if, like you said, the money did go "to shareholders" then wouldn't it wind up both in Shareholder's Equity of the acquired company and ASSETS (as cash) so that the balance sheet remains in balance. And in that case, the cash would still come in on the other side of the consolidated entity.

And whatever may be true of PPP, I'm glad I don't live in a place where milk costs $5.00 a gallon.