Example 5 Chapter 7 – Consolidate statement of Financial Pisition

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November 7, 2015 at 3:59 pm #281010
Ewelina
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Hi,

I can’t understand, how was calculated NCI investment Valuation ($23000) in example 5 of chapter 7 from Lecture Notes June 2015 exams

Thanks
November 7, 2015 at 4:05 pm #281012
MikeLittle
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Surely it’s 25% of ($32,000 (share capital) + $60,000 (retained earnings))

OK?
November 7, 2015 at 4:07 pm #281013
Ewelina
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Thank you
November 7, 2015 at 4:48 pm #281017
MikeLittle
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You’re welcome
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