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[answered] 12/1/2016 Exhibit EX21 4 luv12312015xex21.htm SUBSIDIARIES


Using the U.S. Securities and Exchange Commission?s EDGAR database, select a public company that has consolidated subsidiaries. To minimize the chances of classmates selecting the same company, select one that begins with the same letter as your first or last name. (Please use Southwest Airlines)

In your discussion post, name the company and all of its subsidiaries. Then answer the following questions:

  • What is the accounting valuation basis for consolidating assets and liabilities in the business combination?
  • What percentage ownership does the parent have in one of the subsidiaries reported?
  • Are there any outside interests that have been accounted for with this subsidiary?
  • Is there any goodwill recorded? If yes, are there notes in the financial statement regarding a goodwill impairment loss? If so, how were they recorded? If not, how and when should any goodwill impairment loss be recorded?

12/1/2016 Exhibit EX?21 4 luv?12312015xex21.htm SUBSIDIARIES OF THE COMPANY

 

Exhibit 21

 

Southwest Airlines Co.

 

Subsidiaries Name State or Other Jurisdiction of Incorporation

 

or Organization AirTran Airways 717 Leasing Corporation Delaware AirTran Airways, Inc. Delaware AirTran Holdings, LLC

 

AirTran Risk Management, Inc.

 

Southwest Jet Fuel Co.

 

Triple Crown Insurance Co., Ltd. Texas

 

Delaware

 

Texas

 

Bermuda https://www.sec.gov/Archives/edgar/data/92380/000009238016000175/luv?12312015xex21.htm 1/1

 


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