Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

تمرين 55

What is a basic premise of the acquisition method regarding accounting for a noncontrolling interest
a. Consolidated financial statements should be primarily for the benefit of the parent company's stockholders.
b. Consolidated financial statements should be produced only if both the parent and the subsidiary are in the same basic industry.
c. A subsidiary is an indivisible part of a business combination and should be included in its entirety regardless of the degree of ownership.
d. Consolidated financial statements should not report a noncontrolling interest balance because these outside owners do not hold stock in the parent company.