If there are non-controlling interests, will all of the goodwill of the subsidiary be recognised in the
Question:
If there are non-controlling interests, will all of the goodwill of the subsidiary be recognised in the consolidated statements of financial position?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
The answer to this question is yes or no depending upon how the reporting entity elects to measure noncontrolling interests As we shall learn in Chapter 27 AASB 3 provides preparers of financial state...View the full answer
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
China Petroleum and Chemical Corporation China Petroleum and Chemical Corporation (CPCC) is one of a growing number of Chinese companies that has cross-listed its stock on foreign stock exchanges. To...
-
VF Corporation is an apparel company that owns recognizable brands like Timberland, Vans, Reef, and 7 For All Mankind. Exhibit 5.18 and 5.19 present balance sheets and income statements,...
-
Walmart Stores, Inc. (Walmart) is the largest retailing firm in the world. Building on a base of discount stores, Walmart has expanded into warehouse clubs and Supercenters, which sell traditional...
-
The accompanying table shows proportions of computer salespeople classified according to marital status and whether they left their jobs or stayed over a period of 1 year. a. What is the probability...
-
Sarah transfers property with an $80,000 adjusted basis and a $100,000 FMV to Super Corporation in a Sec. 351 transaction. Sarah receives stock with an $85,000 FMV and a short-term note with a...
-
Repeat the previous problem, assuming that the dividend yield is 1.5%.
-
It is said that "the higher the MARR, the higher the price that a company should be willing to pay for equipment that reduces annual operating expenses." Explain the reasoning behind this statement.
-
A review of the ledger of Roach Company at December 31, 2012, produces the following data pertaining to the preparation of annual adjusting entries.1. Prepaid Insurance $10,440. The company has...
-
Paddington Gifts made purchases of a particular product in the current year as follows: Jan. 1 Beginning inventory Mar. 7 Purchased July 28 Purchased Oct. 3 Purchased Totals Required: 200 units @...
-
Management of Baldwin Equipment Inc. is considering increasing the productivity of its plant. Management heard from suppliers that a certain piece of equipment could have an after-tax cash flow...
-
Rip Ltd controls Curl Ltd, but is acting as an agent for Quik Ltd in relation to its dealings with Curl Ltd, would Rip Ltd be required to include Curl Ltds accounts within its consolidated financial...
-
Would it be possible for an organisation to be required to consolidate another entity in which it has no equity interest? Explain why
-
Suppose that Question 1.4 were modified so that the state government does not provide an incentive for new business startups, but Sara has a head start over Divit and can move first. What is the Nash...
-
What are the origins of psychology?
-
Distinguish between fund accounting and fund reporting.
-
The capital structure of 212F Corporation contains the following amounts of share capital: The preferred shares do not participate in dividends beyond their designated $8 per share. The call price...
-
Which resource is not an availability domain level resource? A. Compute instance B. Subnet C. Block volume D. Object storage
-
Mammoth Corporation has subsidiaries in 13 different countries, operating in 10 different currencies. Do all 13 have to be viewed the same way, or can some be considered integrated operations while...
-
A small, private firm has approached you for advice on its capital structure decision. It is in the specialty retailing business, and it had an EBIT last year of $500,000. The book value of equity...
-
Why is disclosure of depreciation or amortization methods and rates so important?
-
SUPERVALU is one of the largest grocery chains in the United States. Its February 28, 2009, statement of cash flows included the following (dollars in thousands); Required(a) Depreciation and...
-
The financial press often uses the term cash flow to refer to a companys net income + depreciation. In a well-known article in Barrons titled No Substitutions, Please, Intel was criticized for...
-
The operating section of the 2008 consolidated statement of cash flows for Imation Corporation, a global technology company, is excerpted below (dollars in millions): Required(a) Review the trends...
-
The following are selected 2 0 2 3 transactions of Bramble Corporation. Sept. 1 Purchased inventory from Ayayai Ltd . on account for $ 5 2 , 0 0 0 . Bramble uses a periodic inventory system. Oct. 1...
-
6. Write the equation of a line that has a slope of and a y-intercept of -2. (3 pts)
-
A local baker in South Florida sells the majority of their wedding cakes in the cooler months, where many couples get married outdoors. This is an example of which segmentation strategy?
Study smarter with the SolutionInn App