Question: On a consolidated workpaper for a parent and its partially
On a consolidated workpaper for a parent and its partially owned subsidiary, the noncontrol ling interest column accumulates the noncon trolling interests' share of several account balances. What are these accounts?
Answer to relevant QuestionsIs the recognition of a deferred tax asset or deferred tax liability when allocating the difference between book value and the value implied by the purchase price affected by whether or not the affiliates file a consolidated ...At the date of an 80% acquisition, a subsidiary had common stock of $100,000 and retained earnings of $16,250. Seven years later, at December 31, 2013, the subsidiary's retained earnings had increased to $461,430. What ...On April 5, 2006, the New York State Attorney sued a New York online advertising firm for surreptitiously installing spyware advertising programs on consumers' computers. The Attorney General claimed that consumers believed ...On January 1, 2009, Plate Company purchased a 90% interest in the common stock of SetCompany for $650,000, an amount $20,000 in excess of the book value of equity acquired. The excess relates to the understatement of Set ...Badco Inc. purchased a 90% interest in Lazytoo Company for $600,000 cash on January 1, 2011. Any excess of implied over book value was attributed to depreciable assets with a 15-year remaining life (straight-line ...
Post your question