What are two events that could occur between the acquisition date and the beginning of the current

Question:

What are two events that could occur between the acquisition date and the beginning of the current period that could affect the calculation of the NCI share of retained earnings?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

See More Books

Question Posted: Apr 30, 2016 01:11 PM

See More Questions

On January 1, 2009, Kundi acquired (cum div.) a 70% interest in Eagle. The following balances appeared in the records of Eagle at this date: Share capital100,000 shares... $100,000 Retained earnings...
The Phoenix Kings of the United Basketball League have a moody center by the name of Orlando Dawkins. Dawkins is under contract with the team and is scheduled to earn $650,000 in both 20X3 and 20X4....
Some events change aggregate supply from SAS0 to SAS1 Describe two events that could have created this change in aggregate supply. What is the equilibrium after aggregate supply changed? If potential...
Many states are now imposing severance taxes on resources being extracted within their borders. In order to understand the effect of these on the allocation of the mineral over time, assume a stable...
All-Star Advertising creates, plans, and handles advertising needs in the Tri-State area. Recently, All-Star had to replace an inexperienced office worker in charge of bookkeeping because of some...
The train car has a weight of 24,000 lb and a center of gravity at G. It is suspended from its front and rear on the track by six tires located at A, B, and C. Determine the normal reactions on these...
When splitting a node of a regression tree into two subsets, how are the variable and its split value determined? a. At each step, the variable and its split value that are selected result in the...
The following report appeared in the New York Times on August 7, 1989 (Dollars Strength a Surprise, p. D1): But now the sentiment is that the economy is heading for a soft landing, with the economy...
Sure Tool Company is expected to pay a dividend of $2 in the upcoming year. The risk-free rate of return is 4%, and the expected return on the market portfolio is 14%. Analysts expect the price of...
Dinoco manufactures racing products in a manufacturing facility with a total of 25,000 square feet of theoretically usable space. However, they can only practically use 80% of that space for...
If a step approach is used in the calculation of the NCI share of equity, what are the steps involved?
For what line items in the financial statements is it necessary to provide a break-down into parent entity share and NCI share?
On July 1, K. Resser opened Ressers Business Services. Ressers accountant listed the following chart of accounts: Cash Supplies Prepaid Insurance Equipment Furniture and Fixtures Accounts Payable K....
Which of the following lines of code are not permitted as the first line of a Java class file? (Choose two.) A. import widget. *; B. // Widget Manager C. int facilityNumber; D. package sprockets; E....
How many objects are eligible for garbage collection right before the end of the main() method? A. None. B. One. C. Two. D. Three. E. The code does not compile. 1: public class Person { 2: public...
Fill in the blanks with the only option that makes this statement false: A(n) ______________ can access ______________ of the enclosing class in which it is defined. A. static nested class, static...
What is the result of compiling and executing the following class? A. It compiles and outputs 5. B. It compiles and outputs 15. C. It does not compile. D. It compiles but throws an exception at...
How do you force garbage collection to occur at a certain point? A. Calling System.forceGc() B. Calling System.gc() C. Calling System.requireGc() D. Calling GarbageCollection.clean() E. None of the...
For the year 20X1, WolfT Inc. had actual overhead costs of $90,000, and its applied overhead was $85,000: 1. Did the firm have overapplied or underapplied overhead for the year? 2. What was the...
Whats the difference between an ordinary annuity and an annuity due? What type of annuity is shown below? How would you change the time line to show the other type of annuity?
Are all financial statements presented with some kind of an accountants report? Explain.
Briefly describe a summary annual report.
Comment on the typical number of financial pages in a summary annual report as compared to a full annual report.
A company is faced with the decision of whether to lease or purchase new equipment. The equipment can be leased at an annual cost of $210,000 or purchased for $560,000. The equipment has an expected...
Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $28.00 per direct labor-hour and 120% of direct...
A stock had returns of 28%, 1%, and 13% over the previous 3 years. The average return on this stock over the 3-year period was 14%. What was the variance of this stock's returns over the previous 3...

What are two events that could occur between the acquisition date and the beginning of the current

Question:

Step by Step Answer:

Changes in the assets liabilities recognised ...View the full answer

Applying International Financial Reporting Standards

Students also viewed these Accounting questions