X hits on this document

323 views

0 shares

0 downloads

0 comments

63 / 125

1.

2.

The noncontrolling interest balance within unrestricted net assets is reduced by $24,000 ($48,000 × 50 percent interest acquired by Hospital A). [FAS 164, paragraph B7, sequence 256.3.2.1] Unrestricted net assets attributable to Hospital A are decreased by $6,000, calculated as the difference between the cash paid

($30,000) and the adjustment to noncontrolling interest ($24,000). sequence 256.3.2.2]

the carrying amount of the [FAS 164, paragraph B7,

3.

The top-level (consolidated) journal entry to record that purchase of Subsidiary A’s shares from the noncontrolling shareholders is as follows: [FAS 164, paragraph B7, sequence 256.3.2.3]

Unrestricted net assets (noncontrolling interest) Unrestricted net assets (Hospital A) Cash

$ 24,000 6,000

$ 30,000

[FAS 164, paragraph B7, sequence 256.3.2.3.1]

    • b.

      For the year ended December 31, 20X3, the amount of Subsidiary A’s net income included in the consolidated financial statements is $15,000. [FAS 164, paragraph B7, sequence 256.3.2.4]

  • >

    > > Consolidated Statement of Financial Position

958-810-55-23 The following consolidated statement of financial position illustrates the requirement in paragraph 958-810-45-1 that Hospital A present the noncontrolling interest in the consolidated statement of financial position within net assets, but separately from the parent’s net assets. [FAS 164, paragraph B8, sequence 257.1]

57

Document info
Document views323
Page views323
Page last viewedSun Dec 04 12:12:27 UTC 2016
Pages125
Paragraphs3446
Words39606

Comments