The issuance of FASB guidance regarding consolidation of all majority-owned subsidiaries required Ford Motors to include a

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The issuance of FASB guidance regarding consolidation of all majority-owned subsidiaries required Ford Motors to include a previously unconsolidated finance subsidiary as part of the reporting entity. How did Ford report the change?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Jul 11, 2013 03:50 AM

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The issuance of FASB guidance regarding consolidation of all majority-owned subsidiaries required Ford Motors to include a

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Ford reported the situation as a change in reporting entity This means that Ford needed to recast a...View the full answer

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