Examine the information in Exhibits 11.5 and 11.4 and determine the following information: a. Amount of non-controlling

Question:

Examine the information in Exhibits 11.5 and 11.4 and determine the following information:

a. Amount of non-controlling interests in net assets on December 31, 2011.

b. Amount reported as investments on December 31, 2011.

c. Amount of equity accounted income for the year ended December 31, 2011.

d. Amount of net income attributable to shareholders and non-controlling interests for the year ended December 31, 2011.

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

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting A Critical Approach

ISBN: 978-1259066528

4th edition

Authors: John Friedlan

See More Books

Question Posted: Feb 26, 2015 12:02 PM

See More Questions

The SSC Partnership, a cash-method partnership, has a balance sheet that includes the following assets on December 31 of the current year: Basis FMV Cash $180,000 $180,000 Accounts receivable -0-...
The net income for the year ended December 31, 2015, for Oliva Company was $1,900,000. Additional information is as follows: Depreciation on plant...
On December 31, 2011, Tina and Webb, who share profits and losses equally, have capital balances of $170,000 and $200,000, respectively. They agree to admit Zen for a one-third interest in capital...
Should courts ever enforce illegal contracts? If illegal contracts are void as a matter of law, what is the court enforcing? If courts will use equity powers or other roundabout ways to enforce...
Give the formula for price elasticity. Explain why the quantities in this formula are percents rather than specific units, such as dollars, euros, or yen.
Identify various cooking techniques. AppendixLO1
List five reasons to organize a new product development project as a transdisciplinary, matrix-organized project. LO6
You are promoting a rock concert in your area. Each member of your team will invest $10,000 of his or her hard-earned money in this venture. It is April 1 and the concert is scheduled for June 30....
Required information The following information applies to the questions displayed below.) Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells...
A store maintains data on customers, products and purchase records in three tables: CUSTOMER, PRODUCT, PURCHASE. The store manager wants to know which product is on its maximum discount for each...
In July 2017, Roddickton Ltd. (Roddickton) purchased 50,000 shares of Kola Inc. (Kola), a publicly traded company, for $22 per share. Roddickton re ceived dividends of $1.10 per share from its...
Examine Notes 2(b)(ii) and 7 (Note 7 is in Exhibit 11.4) to Brookfield's financial statements. What is an associate company and how are "associate" companies accounted for? What companies does...
You are provided with the following income accounts of Oakridge Ltd. for the year ended December 31, 2017. Oakridge reported profit from operations of $125,000 for the year ended December 31, 2017....
1) Why do you believe that in recent years PE sponsors have increasingly chosen to buy debt in their distressed LBOs? 2) What are the pros and cons of this investment strategy? 3) What issues are...
Paper Street Soap Company Ltd conducts a business that makes luxury soaps. It operates a factory in Oyster Bay near Sydney. The factory contains a large amount of equipment that is used in the...
TRANSACTION ANALYSIS: Dartmouth Ties Corporation is a merchandising company that has been in operation for two years. The company sell high - end ties for men. They purchase their inventory from...
Using your knowledge of types of group influence and of subcultures, explain the potential impact on consumer behavior of Methodism's tightening of its ban on gay marriage and LGBTA clergy. Write in...
A language L over an alphabet is co-finite, if * \ Lis empty or finite. Let COFNFA = {(N) | N is a NFA accepting a co-finite language}. Show that COF NFA is decidable.
Which of the following statements about operating system monitors versus program analyzers is most likely to be true? a. Operating system monitors are more likely to be sampling-based monitors than...
From 1970 to 1990, Sri Lanka's population grew by approximately 2.2 million persons every five years. The population in 1970 was 12.2 million people.What is the best formula for P, Sri Lanka's...
In the reservoir of a supersonic wind tunnel, the pressure and temperature of air are $10 \mathrm{~atm}$ and $320 \mathrm{~K}$, respectively. Calculate the density, the number density, and the...
Discuss the three components of imposing criminal sanctions for the utilitarian view of preventing socially undesirable behaviour, i.e. illegal conduct.
A portfolio manager needs to pick winnersassets or securities with high expected returns and low risk. What is wrong with this statement?
Do you favour anti-gouging laws as a means of protecting consumers from high prices following natural disasters, such as Hurricane Katrina in New Orleans? If so, why? If not, why not?
Docs Auto Body has budgeted the costs of the following repair time and parts activities for 2009: Doc's budgets 6,000 hours of repair time in 2009. A profit margin of $7 per labour hour will be added...
QUESTION 28 In a perpetual inventory system, the cost of inventory sold is: Debited to accounts receivable. Debited to cost of goods sold. O Not recorded at the time goods are sold. O Credited to...
The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $105,709 69,500 66,800 4,700 246,700 127,eee...

Examine the information in Exhibits 11.5 and 11.4 and determine the following information: a. Amount of non-controlling

Question:

Step by Step Answer:

a Amount of noncontrolling interests in net assets on December 31 2011 185...View the full answer

Financial Accounting A Critical Approach

Students also viewed these Accounting questions