Since 1995, Starbucks Corporation had owned a 39.5 percent equity interest in Starbucks Coffee Japan Ltd. ("Starbucks Japan"). lts joint venture partner, Sazaby League of Japan also owned a 39.5 percent equity interest in Starbucks Japan. The remaining 21 percent equity interest was held by public share holders and option holders. On October 31, 2014, Starbucks acquired all of Sazaby League's shares of Starbucks Coffee Japan, bringing Starbucks' total ownership to 79 percent. Starbucks paid Sazaby $508.7 million for the additional percent ownership. Later in 2014, Starbucks acquired the remaining 21 percent of Starbucks Coffee Japan. Access Starbucks' 2015 10-K annual report and answer the following: Upon acquisition of its controlling interest on October 31, 2014, how did Starbucks account for the change in fair value of its original 39.5 percent ownership interest?
Since 1995, Starbucks Corporation had owned a 39.5 percent equity interest in Starbucks Coffee Japan Ltd. ("Starbucks Japan"). lts joint venture partner, Sazaby League of Japan also owned a 39.5 percent equity interest in Starbucks Japan. The remaining 21 percent equity interest was held by public share holders and option holders.
On October 31, 2014, Starbucks acquired all of Sazaby League's shares of Starbucks Coffee Japan, bringing Starbucks' total ownership to 79 percent. Starbucks paid Sazaby $508.7 million for the additional percent ownership. Later in 2014, Starbucks acquired the remaining 21 percent of Starbucks Coffee Japan. Access Starbucks' 2015 10-K annual report and answer the following:
Upon acquisition of its controlling interest on October 31, 2014, how did Starbucks account for the change in fair value of its original 39.5 percent ownership interest?
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