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What is the parents net income if it owns 100% of interest of the subsidiary? What is non-controlling interest and what is controlling interest in
What is the parent’s net income if it owns 100% of interest of the subsidiary?
What is non-controlling interest and what is controlling interest in this case?
80% Controlling: investor (now a parent) merges investee’s (now a subsidiary) nominal accounts with its own amounts.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
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