Question: Under which consolidation method is the non - controlling interest NOT recognized? Multiple Choice Fair value enterprise method. Identifiable net assets method. Parent company method.

Under which consolidation method is the non-controlling interest NOT recognized?
Multiple Choice
Fair value enterprise method.
Identifiable net assets method.
Parent company method.
Proportionate consolidation method.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

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

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Under which consolidation method is the non - controlling interest NOT recognized? Parent company method. Fair value enterprise method. Identifiable net assets method.

Q:

On August 1, Year 1, A Co. acquired 70 percent of the common shares of B co. for $700,000 in cash. On that date, the fair value of As identifiable net assets was $ 2,000,000 and the book value of its...

Q:

On August 1, Year 1, A Co. acquired 70 percent of the common shares of B co. for $700,000 in cash. On that date, the fair value of As identifiable net assets was $ 2,000,000 and the book value of its...

Q:

Please let me know the full calculation of SCI and SFP Meek's Penguin Corp. (MPC) is a Canadian company that reports its financial results in accordance with IFRS. On December 31, 20X6, MPC paid...

Q:

Question 3 (22 marks) Meeks Penguin Corp. (MPC) is a Canadian company that reports its financial results in accordance with IFRS. On December 31, 20X6, MPC paid $720,000 cash to acquire 70% of Zoebug...

Q:

Meeks Penguin Corp. (MPC) is a Canadian company that reports its financial results in accordance with IFRS. On December 31, 20X6, MPC paid $720,000 cash to acquire 70% of Zoebug Supply Inc.s (ZSI)...

Q:

1) Compute the dollar values that Pfizer estimates for the following items as of May 5, 2009. A) The fair value of Wyeths identifiable net assets. B) The amount of Goodwill that Pfizer expects to...

Q:

Meeks Penguin Corp. (MPC) is a Canadian company that reports its financial results in accordance with IFRS. On December 31, 20X6, MPC paid $720,000 cash to acquire 70% of Zoebug Supply Inc.s (ZSI)...

Q:

A summary of the significant accounting policies used in the preparation of the accompanying consolidated financial statements follows: Principles of Consolidation The consolidated financial...

Q:

25 EASY ACCOUNTING 1 QUESTIONS! HELP ME PLEASE! 26. Which of the following shows the listed items in their proper order of presentation in a balance sheet? Select one: A. Plant assets, intangible...

Q:

You are the senior on the Archer Technologies, Inc. audit. Archer has been an audit client for a number of years. The company manufactures and assembles electronic components used in various...

Q:

Suppose any money lent by a bank is deposited back in the banking system as a checkable deposit. The central bank reserve ratio requirement is 15%. The banking system does not keep the money as...

Q:

Valuing a financial instrument is challenging because one doesn't know what will happen in the future. true or false

Q:

Design a strategy to eliminate oppressive structural barriers evident in their client case writing 1. Identifying human rights or social, economic, or environmental justice violation, how this...