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when a parent company uses the equity method to account for investments, the controlling interest in consolidated net income includes all of the following except: the parent's income from its own
operations. The parent company's share income from consolidated subsidiaries. The non-controlling interest's share of income from consolidated subsidiaries. Differential adjustments.
Answer The non-controlling interest's share of income from consolidated subsidiaries
Expert answered|shekame26|Points 10|
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Asked 5/4/2013 10:45:20 AM
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Company x acquires 100 percent of the voting shares of company y for $275,000 on December 31, 20x8. The fair value of the net assets of company x at the date of acquisition was $300,000. This is an example of a(n): Positive differential Bargain purchase Extraordinary loss Revaluation adjustment
Weegy: Company x acquires 100 percent of the voting shares of company y for $275,000 on December 31, 20x8. The fair value of the net assets of company x at the date of acquisition was $300,000. This is an example of a BARGAIN PURCHASE. [ ] (More)
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