Case information Herb Huskie is contemplating taking his company (Herb Huskies Investors) public in an initial public offering (the "IPO").

Herb Huskie is contemplating taking his company (Herb Huskies Investors) public in an initial public offering (the "IPO"). He holds over 50 investments in the real estate industry and as part of the IPO process must provide audited consolidated financial statements. Herb Huskie decided to hire an audit firm with vast IPO experience. As such, all relations must be analyzed to determine how to account  for Herb Huskie's investments in the new financial statements. To start, your audit manager has selected Holdings, LLC