This preview shows page 1. Sign up to view the full content.
Unformatted text preview: consolidated balance sheet, what amount should be reported as no controlling interest? Solution Pujols Inc has exchanged 70% of outstanding stock. So remaining 30% share will be reported as non controlling interest. Non Controlling Interest is 30% Fair value of shares-165,000 Net Asset-150,000(30%of 500,000) Revenue-180,000(30% of 600,000) Total-495,000 Less: Expenses-108,000 Net-387,000 387,000 shall be reported as non controlling interest....
View Full Document
This note was uploaded on 03/26/2011 for the course BUSINESS 420 taught by Professor Fisher during the Spring '11 term at DeVry Chicago.
- Spring '11
- Business Law