Solution-So far our discussion and focus has been on

So far our discussion and focus has been on business

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So far our discussion and focus has been on business combinations where 100% of another company has been acquired. In reality, complete ownership does not always take place. When a company does not acquire 100%, there is a non controlling interest (NCI) is held by another entity involved. The NCI can pose several reporting issues for accountants such as how to value the subsidiary's accounts at consolidation and how to account for the NCI.

SFAS 160 is a new FASB requirement related to consolidations involving a non controlling interest. Discuss how SFAS 160 changed the treatment of non controlling interest in business combinations. Also, in your opinion, which treatment of non controlling interest presents the most conservative approach and why.

Reference no: EM13938801

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So far our discussion and focus has been on business : So far our discussion and focus has been on business combinations where 100% of another company has been acquired.

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So far our discussion and focus has been on business

Reference no: EM13938801

Reference no: EM13938801

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