A shareholder purchases 35% non controlling interest in a $80 million company. According to FASB statement no.

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A shareholder purchases 35% non controlling interest in a $80 million company. According to FASB statement no. 160, how would you reflect this on the balance sheet?

If he or she sells 8% of the shares, how would this transaction be reflected differently?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Apr 15, 2023 04:46 AM

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A shareholder purchases 35% non controlling interest in a $80 million company. According to FASB statement no.

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According to FASB Statement No 160 when a shareholder purchases a noncontrolling interest in a compa... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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