Question
Please find: -Controlling interest in consolidated comprehensive income -Noncontrolling interest, 12/31/2016 -Consolidated sales -Consolidated gross profit -NCI in consolidated comprehensive income PROBLE MI-UPSTREAMANDDOWNSTREAMSALESOFINVENTORYANDFIXEDASSETS On January
Please find:
-Controlling interest in consolidated comprehensive income
-Noncontrolling interest, 12/31/2016
-Consolidated sales
-Consolidated gross profit
-NCI in consolidated comprehensive income
PROBLE MI-UPSTREAMANDDOWNSTREAMSALESOFINVENTORYANDFIXEDASSETS On January 1, 2014, P Company acquired 75% of the outstanding shares of S Company at book value. P Company account for its investment under cost method. Statement of comprehensive income for the two companies for the year 2016 are as follows: The non-controlling interest in the December 31,2015 consolidated balance sheet is P32,000. Company P and S have only one equity investment. REQUIREDStep by Step Solution
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Auditing Algorithms Understanding Algorithmic Systems From The Outside In Foundations And Trends
Authors: Danaë Metaxa, Joon Sung Park, Ronald E Robertson, Karrie Karahalios, Christo Wilson, Jeff Hancock, Christian Sandvig
1st Edition
1680839160, 978-1680839166
