On January 3, 20X9, the Jane Company acquired 75 per cent of the outstanding common shares of
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Question:
jane | Miller | |
total assets | $504,000 | $216,000 |
Passive | $144,000 | $72,000 |
Common actions | 120,000 | 60.000 |
Retained earnings | 240.000 | 84,000 |
$504,000 | $216,000 |
Required
Based on the above information, what amount should be reported as a non-controlling interest in net assets on the consolidated balance sheet as of December 31, 20X9 of Jane Company?
Based on the above information, what amount will the Jane Company report as outstanding common shares on its consolidated balance sheet as of December 31, 20X9?
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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