EBK ADVANCED FINANCIAL ACCOUNTING
EBK ADVANCED FINANCIAL ACCOUNTING
11th Edition
ISBN: 8220102796096
Author: Christensen
Publisher: YUZU
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Chapter 5, Problem 5.8.6E
To determine

Introduction:

The consolidation process of both the wholly-owned subsidiary and less than wholly-owned with differential is the same, all the assets and liabilities are combined and all the intercompany transactions are eliminated, after determination of consolidated net income available income is shared in the ratio of controlling interest and non-controlling interest ratio.

To choose:The correct answer to determine the amount of consolidated retained earnings to be reported.

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