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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".

    © BrainMass Inc. brainmass.com October 2, 2020, 5:49 am ad1c9bdddf

    Solution Preview

    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 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.