What is the parents net income if it owns 100% of interest of the subsidiary? What is

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What is the parent’s net income if it owns 100% of interest of the subsidiary?
What is non-controlling interest and what is controlling interest in this case?

80% Controlling: investor (now a parent) merges investee’s (now a subsidiary) nominal accounts with its own amounts.

Posted Date: Sep 24, 2021 11:03 PM

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What is the parents net income if it owns 100% of interest of the subsidiary? What is

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1 If parent company holds 100 share in subsidary company the whole income 100 ... View the full answer

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