FAR 5 Module 3 Flashcards
1
Q
CAR IN BIG
A
2
Q
How do you calculate NCI?
And What is NCI a part of?
A
NCI = Fair Value of Sub X Percentage not acquired
Acquisition cost = FV of sub X Percent acquired
NCI is a part of the total stockholders equity
3
Q
How does noncontrolling interest affect consolidated net income and retained earnings?
A
4
Q
How is depreciation adjusted in a consolidation worksheet after an intercompany sale of equipment?
A
