Posted: June 7th, 2016

Where should a non controlling interest appear on a consolidated balance sheet?

1. Where should a non controlling interest appear on a consolidated balance sheet?

2. What is pre acquisition income?

3. Beta Corp. owns less than one hundred percent of the voting common stock of Shedds Co. Under what conditions will Beta be required to prepare consolidated financial statements?

4. Where may a non controlling interest be presented in a consolidated balance sheet?

5. How would you determine the amount of goodwill to be recognized at date of acquisition when there is a non controlling interest present?