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When the profit arises from the sale by a partially-owned subsidiary to the parent, the entire intercompany profit elimination is either (1) attributed entirely to the controlling interest or (2) attributed proportionately between the controlling and NCI (this method is not allowed for VIEs, as described in CG 8.2.1).
PARTLY-OWNED definition: → part-owned. Learn more.
The stockholders’ equity section of a consolidated statement of financial position for a parent and its partially owned subsidiary consists of: a. The parent’s equity accounts, the subsidiary’s equity accounts and the non controlling interest. b. The parent’s stockholders’ equity accounts.
Question. 36. If there were no intercompany transactions between the parent and its partially-owned subsidiary, consolidated retained earnings is equal to the: A. Retained earnings plus the parent's share of the net increase in the subsidiary's retained earnings subsequent to the date of acquisition. B. Parent's retained earnings.
PARTLY-OWNED SUBSIDIARY definition: a company of which some of the shares are owned by a larger company: . Learn more.
Microsoft Word - tf-business-combinations-and-goodwill-1021.docx. Contents. Introduction 2. Legislative requirements 2. Preparing consolidated financial statements 14. Purchase method of accounting 21. Goodwill 24. Intangible assets acquired in a business combination 29. Appendix 1: Consolidation of a wholly owned subsidiary 31.
