The FASB ASC paragraph 810-10-45-16 states: The non-controlling interest shall be reported in the consolidated statement of
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However, prior to issuing this current reporting requirement, the FASB considered several alternative display formats for the non-controlling interest. Access the precodification standard, SFAS 160, "Non-controlling Interest in Consolidated Financial Statements," at www.fasb.org to answer the following:
1. What alternative financial statement display formats did the FASB consider for the non-controlling interest?
2. What criteria did the FASB use to evaluate the desirability of each alternative?
3. In what specific ways did FASB Concept Statement 6 affect the FASB's evaluation of these alternatives?
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Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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