Question
The Parent Company PC acquired 70% of Subsidiary SA for $210. On the date of acquisition, DEC 31 year N, SA's equity shows a total
The Parent Company PC acquired 70% of Subsidiary SA for $210. On the date of acquisition, DEC 31 year N, SA's equity shows a total of $300 (Capital: $140, Net Income: $160) and Liabilities of $60.
What amount do you report as Non-controlling Interest on the Consolidated Balance Sheet of DEC 31 year N?
- NCI=$42
- NCI=$330
- NCI=$90
- NCI=$108
Please explain the calculation
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Modern Auditing And Assurance Services
Authors: Philomena Leung, Paul Coram, Barry J. Cooper, Peter Richardson
5th Edition
1742168450, 978-1742168456
