Question

Entity theory is one of the two prominent theories of consolidation.

Required:
Under entity theory
a. How would the value of goodwill be determined? Explain why.
b. How would the initial value of noncontrolling interest be determined? Explain why.
c. How would a company report non-controlling interest income in the consolidated income statement? Explain why.
d. Where would a company report non-controlling interest in the consolidated balance sheet? Explain why.



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  • CreatedDecember 17, 2014
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