
a.
Concept Introduction:
Consolidation: Consolidation is the process of accounting where books of parent company is reported along with the books of the subsidiary company in consolidated/combined form after making necessary
Amount to be reported by P in its income statement as income from its investments in S if P used equity-method of accounting.
b.
Concept Introduction:
Consolidation: Consolidation is the process of accounting where books of parent company is reported along with the books of the subsidiary company in consolidated/combined form after making necessary adjustment entries as required in the process of consolidation.
Amount to be assigned to non-controlling interest in the consolidated income statement for 20X4.
c.
Concept Introduction:
Consolidation: Consolidation is the process of accounting where books of parent company is reported along with the books of the subsidiary company in consolidated/combined form after making necessary adjustment entries as required in the process of consolidation.
Amount to be reported by P as net consolidated income for 20X4.
d.
Concept Introduction:
Consolidation: Consolidation is the process of accounting where books of parent company is reported along with the books of the subsidiary company in consolidated/combined form after making necessary adjustment entries as required in the process of consolidation.
To Explain: The reason for Pto not report the consolidated net income of

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Chapter 3 Solutions
Advanced Financial Accounting
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