Following U.S. GAAP, a 20% noncontrolling interest in a subsidiary is reported on the consolidated balance sheet at the date of acquisition at what amount?
A) 20% of the subsidiary's book value
B) 20% of the fair value of the subsidiary's identifiable net assets
C) 20% of the acquisition price paid by the parent
D) The fair value of the noncontrolling interest
Correct Answer:
Verified
Q8: Use the following information to answer bellow
Q9: Use the following information to answer bellow
Q10: Use the following information to answer bellow
Q11: Use the following information to answer bellow
Q12: How is the noncontrolling interest in a
Q14: What is the preferred way to value
Q15: Noncontrolling interest is reported on the consolidated
Q16: Noncontrolling interest is reported in the equity
Q17: A parent acquires 80% of the stock
Q18: A parent owns 75% of a subsidiary's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents