Question: Explain why noncontrolling interest share is added to the controlling share of consolidated net income in determining cash flows from operating activities.

Explain why noncontrolling interest share is added to the controlling share of consolidated net income in determining cash flows from operating activities.

Step by Step Solution

★★★★★

3.40 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Consolidated assets and liabilities are reported ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

55-B-A-C (10).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Cash flows from operating activities (indirect and direct methods). Presented below is the income statement of Smiling Tiger, Inc. Sales ...............$1,020,000 Cost of goods sold .............

Explain whether cash flows from operating activities would normally be expected to be positive or negative in the early years of a company's life. What about cash flows from investing activities? Why...

Cash flows from operating activities for both the indirect and direct methods are presented for Reverse Logic. All amounts are in thousands (000s). Cash Flows from Operating Activities (Indirect...

10. Explain why noncontrolling interest share is added to the controlling share of consolidated net income in determining cash flows from operating activities.

A partial extract of the consolidated statement of comprehensive income of Emery Pte Ltd and its subsidiaries (Emery Group) for the year ended 31 December 2019 was as follows: $.000 Operating profit...

True/False _____ E&Y reviewed the financial statements of Coke. _____ E&Y provided an unqualified audit opinion of the financial statements. _____The financial statements of Coke are the...

To prepare for this case-and those in subsequent chapters-using Tableau, you will need to download Tableau to your Page 43 computer. Tableau provides free instructor and student licenses as well as...

GIVEN: INVESTMENT-250,000 ANNUAL NET CASH INFLOWS-100,000 COST OF CAPITAL-10% SALVAGE VALUE-10,000 (does not change from year 1 to 5) ECONOMIC LIFE-5 YEARS Tax rate-30% Working capital requirement...

Financial Statement Analysis Obtain a copy of the 2009 annual report for a publicly held firm. Try to obtain an annual report for a retail or manufacturing firm. Be sure that the financial statement...

Financial Statement analysis - Homework case number 4. Accounting for Software Revenue Recognition Is Computer Associates Being Too Aggressive? Annual Revenues at Computer Associates (CA) dropped...

What does the term functional currency mean? How is the functional currency determined under IFRS and under U.S. GAAP?

A beaker of radius r is filled with water refractive index- (1) in the figure on the left. The beaker is kept on a horizontal table rotating with angular speed co. This makes the water surface curved...

4. Capacity required (Machine) = DX SM EM

5. (a) There are seven different types of rooted trees of height 2 in which each node has at most two chil- dren. Draw one tree of each type. (b) To which of the types in part (a) do the regular...

Beta Corp has an roe of 15%; has just paid a dividend of $1.50; a pays 10% of its earnings out in dividends, and the appropriate discount rate is 20%; what is the current stock price?

Make a power point presentation on disadvantages of being a leader in format of 2013.

Case Study 2 Most travelers call 13 months in advance to book a room at Signal Mountain Lodge in Grand Teton National Park. After you process a credit card (payment for the first night), you write to...

When biomedical researchers design drugs, they sometimes add methyl (CH 3 ) groups or charged groups to the molecules. If these groups are not directly involved in the activity of the drug, predict...

Most often, the controller or chief financial officer (CFO) of a corporation is the perpetrator of financial statement fraud because of his or her knowledge of accounting and unlimited access to...

Pot Corporation acquired all the outstanding stock of Ski Corporation on April 1, 2011, for $15,000,000, when Ski's stockholders' equity consisted of $5,000,000 capital stock and $2,000,000 retained...

Pic Corporation acquired an 80 percent interest in Sic Company on January 1, 2011, for $136,000, when Sic's capital stock and retained earnings were $100,000 and $70,000, respectively. At the...

Par Corporation acquired an 80 percent interest in Sin Corporation on January 1, 2011, for $108,000 cash, when Sin's capital stock was $100,000 and retained earnings were $10,000. The difference...

4. Coin with random bias (10 points). Consider a coin with random bias P ~ fp(p), i.e., we do not know the bias, but we have a prior on it. Flip the coin and let X = 1 if the outcome is heads and X =...

You are considering an annuity which costs $51700 today. The annuity pays $4300 a year. The rate of return is 6 percent. What is the length of the annuity time period? (Do not round intermediate...

Is there a program online i can use to make a 3D version of a 2 and 3 hole torus. Something like this but in 3D 00