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Noncontrolling interest balance subsequent to acquisition

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Explain what this means "Determine the noncontrolling interest balance subsequent to the date of
acquisition of a subsidiary".

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Solution Summary

The discussion is brief (one paragraph, 126 words) and explains the basics of why an entry is needed to reflect the minority owner of the subsidiary.

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When a firm own controlling interest in another company, but does not own all of it, they must consolidate. They will report all of the asset, all of the liability and all of ...

Solution provided by:
Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
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