What are two events that could occur between the acquisition date and the beginning of the current period that could affect the calculation of the NCI share of retained earnings?
Answer to relevant QuestionsWhat lines in the ﬁnancial statements are necessary to provide a breakdown of parent entity share and NCI share? Explain how the adjustment for intragroup transactions affects the calculation of the NCI share of equity. On January 1, 2010, Ejez acquired 75% of the shares of Campbell for $123,525. At this date, the statement of ﬁnancial position of Campbell consisted of: In relation to the assets of Campbell, the fair values at January 1, ...On January 1, 2009, Zaldivar acquired 75% of the share capital of Burran at a cost of $27,600. At this date, the capital of Burran consisted of 30,000 common shares, and retained earnings were $6,000. At January 1, 2009, ...Because the Moth Cement Works has a number of subsidiaries, Star Lin is required to prepare a set of consolidated ﬁnancial statements for the group. She is concerned about the calculation of the NCI share of equity, ...
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