Question

On January 1, 20X5, Big Ltd. purchased 80% of the shares of Small Ltd. for $ 1,400,000 and, on the same day, Small Ltd. purchased 60% of the shares of Smaller Ltd. for $ 930,000. Any excess of the purchase price was allocated to goodwill.


There were no intercompany transactions.

Required
Calculate the balance of non-controlling interest as it would be shown on the consolidated SFP of Big Ltd., at December 31, 20X5, under the entitymethod.


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  • CreatedMarch 13, 2015
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