In the consolidated financial statements of a parent and its 90%-owned subsidiary. Revenues and expenses are reported at the separate amounts attributable to the parent and the noncontrolling interest. Consolidated net income or loss is the amount attributable to the parent. Consolidated equity is the amount attributable to the parent. Comprehensive income or loss attributable to the parent and the noncontrolling interest is reported at separate amounts.

Question

01-04-2020
Business

contestada

In the consolidated financial statements of a parent and its 90%-owned subsidiary. Revenues and expenses are reported at the separate amounts attributable to the parent and the noncontrolling interest. Consolidated net income or loss is the amount attributable to the parent. Consolidated equity is the amount attributable to the parent. Comprehensive income or loss attributable to the parent and the noncontrolling interest is reported at separate amounts.

Respuesta :

Otras preguntas

An isosceles trapezoid ABCD with height 2 units has all its vertices on the parabola y=a(x+1)(x−5). What is the value of a, if points A and D belong to the x−ax

The two-stage dividend growth model evaluates the current price of a stock based on the assumption a stock will: A. pay an increasing dividend for a period of t

if The following statement says: All students must wear Official dress during the conference. Students may borrow any items they do not own. All other i teams

Six months ago Zach made his first bungee jump. Before he jumped, he was intensely terrified. But when he completed the jump he felt relieved. After many jumps

What are the answers to Unit 5: Lesson 2 Biology exam semester A?

Williams Company computed its cost per equivalent unit for direct materials to be $2.60 and its cost per equivalent unit for conversion to be $3.75. A total of

PLEASE SOMEONE HELP ME ON THIS QUESTION!!!

A hemispherical bowl of radius r contains water to a depth h. Give a formula that you can use to measure the volume of the water in the bowl.

80 Point Offer, Help is required on these questions. Highest offer I've given.

Today's business environment changes so rapidly that strategic planning is becoming more difficult and subject to change. O True O False

steffimarish steffimarish · Answer 1 · 2020-04-07T13:18:11+02:00

Answer:Option Comprehensive income or loss attributable to the parent and the noncontrolling interest is reported at separate amounts.

Explanation:

Consolidated financial statements are generally prepared when one entity has a majority voting interest in another company.

In whichever presentation of consolidated comprehensive profits or loss is chosen, the non controlling interest’s adjusted percentage of the subsidiary’s comprehensive earnings or loss is subtracted from the consolidated quantity to determine the amount on account of the parent. Thus, three quantities are displayed on the face of the consolidated statements: first a total, then non controlling interest’s percentage, and third the parent company's percentage.