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Konin Corporation (KC) owns a 75% interest in Donna Corporation (DC). KC decided to acquire an additional 10% interest in DC from the non-controlling shareholders
Konin Corporation (KC) owns a 75% interest in Donna Corporation (DC). KC decided to acquire an additional 10% interest in DC from the non-controlling shareholders in exchange for cash of TZS 100,000,000/=. DC has net assets of TZS 800,000,000/=. Required: Show the notional journal entry for the above transaction by KC for consolidated financial statement
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
2nd Edition
0030270995, 978-0030270994
