Assume that an 80% investor of Sub Company acquires an additional 10% interest in Sub halfway through

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Assume that an 80% investor of Sub Company acquires an additional 10% interest in Sub halfway through the current fiscal period. Explain the effect of the 10% acquisition by the parent company on noncontrolling inter¬ est expense for the period and on total noncontrolling interest at the end of the current period.

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Advanced Accounting

ISBN: 9780131851221

9th Edition

Authors: Floyd A. Beams, Robin P. Clement, Suzanne H. Lowensohn, Joseph H. Anthony

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