Review_2 - All inventory remains at Year-End Only a portion...

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Midterm Review – Part B Chapter 4 Outline Consolidated Financial Reporting in the Presence of a Noncontrolling Interest (p. 140) Subsidiary Acquisition-Date Fair Value in the Presence of a Noncontrolling interest (p. 141) Noncontrolling Interest Fair Value as Evidenced by Market Trades (p. 142) Allocating Acquired Goodwill to the Controlling ad Noncontrolling Interests (p. 143) Noncontrolling Interest Fair Value Implied by Parent’s Consideration Transferred (P. 143) Allocating the Subsidiary’s Net Income to The Parent and Noncontrolling Interests (p.144) Partial Ownership Consolidations (Acquisition Method) (P. 144) Consolidated Financial Statement Presentations of Noncontrolling Interest (p. 153) Chapter 5 Outline Intra-Entity Inventory Transaction (p. 196) The sales and Purchases Accounts Unrealized Gross Profit – Year of Transfer (Year 1) (P. 197)
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Unformatted text preview: All inventory remains at Year-End Only a portion of inventory remains Unrealized Gross Profit – Year Following Transfer (Year 2) (p.199) Intra-Entity beginning inventory profit adjustment – Downstream sales when parent uses equity method (p. 200) Unrealized Gross Profit – Effect on Noncontrolling Interest Valuation (p. 201) Intra-Entity Land Transfers (p. 214) Accounting for Land Transactions Eliminating unrealized gains – land transfers Recognizing the effect on noncontrolling interest valuation – land transfer Intra-Entity Transfer of Depreciable Assets (p. 216) Deferral of unrealized gains Depreciable assets transfers illustrated Depreciable intra-entity asset transfers – downstream transfers when the parent uses the equity method...
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This note was uploaded on 11/05/2011 for the course ACCT 501 taught by Professor Ma during the Fall '11 term at South Carolina.

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Review_2 - All inventory remains at Year-End Only a portion...

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