Question
When a subsidiary sells inventory to a parent, the intra-entity profit is removed from the subsidiary's net income for consolidation and reduces the income calculation
When a subsidiary sells inventory to a parent, the intra-entity profit is removed from the subsidiary's net income for consolidation and reduces the income calculation to the noncontrolling interest. Is the profit permanently eliminated from the noncontrolling interest, or is it merely shifted from one period to the next? Explain.
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
