chapter_4_10th_word

chapter_4_10th_word - Chapter 4 solutions 1...

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Chapter 4 solutions 1. "Noncontrolling interest" refers to an equity interest that is held in a member of a busi- ness combination by an unrelated (outside) party. 4. Current accounting standards require the noncontrolling interest to appear in various loc- ations within consolidated financial statements. The end of year balance can be found in the stockholders' equity section. The noncontrolling interest's share of net income is shown as an allocated component of consolidated net income. 5. The ending noncontrolling interest can be determined on a consolidation worksheet by adding the four components found in the noncontrolling interest column: (1) the begin- ning balance of the subsidiary’s book value, (2) the noncontrolling interest share of the adusted acquisition-date excess fair over book value allocation, (3) its share of current year subsidiary income, (4) less dividends paid to these outside owners. 4.
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chapter_4_10th_word - Chapter 4 solutions 1...

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