The fasb asc paragraph 810-10-45-16 states

Assignment Help Accounting Basics
Reference no: EM13484168

The FASB ASC paragraph 810-10-45-16 states: “The noncontrolling interest shall be reported in the consolidated statement of financial position within equity, separately from the parent's equity. That amount shall be clearly identified and labeled, for example, as noncontrolling interest in subsidiaries.â€

However, prior to issuing this current reporting requirement, the FASB considered several alternative display formats for the noncontrolling interest. Access the precodification standard, SFAS 160, “Noncontrolling Interest in Consolidated Financial Statements,†at www.fasb.org to answer the following:

• What alternative financial statement display formats did the FASB consider for the noncontrolling interest?
• What criteria did the FASB use to evaluate the desirability of each alternative?
• In what specific ways did FASB Concept Statement 6 affect the FASB's evaluation of these alternatives?

Reference no: EM13484168

Questions Cloud

Financial statements for rardin company appear below : financial statements for rardin company appear belowrardin companystatement of financial positiondecember 31 year 2 and
If westervilles chief executive officer will earn a hourly : westerville company reported the follwoing results from last years operationssales.......1000000.00variable
The following transactions occurred during 2013 assume that : the following transactions occurred during 2013. assume that depreciation of 10 per year is charged on all machinery
Financial statements for qabar company appear : financial statements for qabar company appear belowqabar companystatement of financial positiondecember 31 year 2 and
The fasb asc paragraph 810-10-45-16 states : the fasb asc paragraph 810-10-45-16 states acirceurooeligthe noncontrolling interest shall be reported in the
If the price of the stock increases to 50 at expiration : the following questions appeared in past cfa level i examinations.a. which one of the following comparative statements
Chopin engineering corporation purchased conveyor equipment : chopin engineering corporation purchased conveyor equipment with a list price of 15000. presented below are three
Renbud computer services co rcs specializes in customized : renbud computer services co. rcs specializes in customized software development for the broadcast and
Mcarthur inc has negotiated the purchase of a new piece of : mcarthur inc. has negotiated the purchase of a new piece of automatic equipment at a price of 7000 plus trade-in f.o.b.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd