hi Mike, i have been looking at the dec 2013 pass exam ques. polestar and southstar, my ques is why isnt the increase in fair value of the southstar asset at the date of acquistion not carried in the income statement as other comprehensive income and shared between parent and nci, but the decrease in the contingent consider was treat through the profit or loss?
In a consolidated statement of financial position why dont we add the subsidiary shares to the parents shares? we only include 100% parents shares. can you give me an explanation please?
Where a parent company owns 80% of a subsidiary’s shares, aggregate goodwill is $50,000 and the question says that goodwill attributable to the nci is calculated on a proportional basis.
The fair valued net assets are $320,000
How much is the nci investment valuation?
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