needhelp1700

well, he is using the market value of total sh. holders equity of the child company...

he has exchanged shares of own company for the controlling interest & the non controlling interest .. in combination of these two he has reported for everything ..

so the addition to the parents B/S is

Controlling Interest - Shares issued*% owned
NonControlling Interest - %of Assets as identified using the value of shares issued (As calc in the answer section of the mock).

Hope this helps.



Edited 1 time(s). Last edit at Saturday, May 28, 2011 at 11:30PM by thedarkknight88.