Consolidations with noncontrolling interest: Pell Co Demers

Related BrainMass Solutions

• Consolidations with noncontrolling interests: Compute Pell'

  540313 Consolidations with Non-Controlling Interests Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2010. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date.

• Consolidations: Sale of depreciable assets to parent by sub

  The income assigned to the noncontrolling interest will be the percent owned x net income of the subsidiary with the profit on the sale deferred (removed) so the amount would be less than the proportionate share of the subsidiary's stand alone net income

• Noncontrolling interest in net income: Lance Co 2011

  550898 Noncontrolling interest in net income: Lance Co 2011 C3. On January 1, 2010, Mace Co. acquired 75% of Lance Co.'s outstanding common stock. On the same date, Lance acquired an 80% interest in Curle Co.

• Advanced Accounting - Perch Co. and Float Corp.

  The solution calculates the dollar amount of noncontrolling interest in a question concerning Perch Co. and Float Corp.

• Patten Co Sterling Co eliminate effects intercompany sales

  514228 Patten Co Sterling Co: eliminate the effects of the intercompany sales On January 2, 2011, Patten Company purchased a 90% interest in Sterling Company for $1,400,000.

• On January 1, Beckman, Inc., purchases 60 percent of the outstanding stock of Calvin for $36,000. Calvin Co. has one recorded asset, a specialized production machine with a book value of $10,000. For each of the following noncontrolling interest concepts, what amounts should Beckman report in its consolidated financial statements for noncontrolling interest in subsidiary income, end-of-year total noncontrolling interest, Calvin's machine (net of accumulated depreciation), and the process trade secret.

  interest concepts, what amounts should Beckman report in its consolidated financial statements for noncontrolling interest in subsidiary income, end-of-year total noncontrolling interest, Calvin's machine (net of accumulated depreciation), and the

• Consolidation Workpaper at End of First Year of Ownership

  E(2) Income to Noncontrolling Interest 6,000 Dividends Declared 4,000 Noncontrolling Interest 2,000 Assign income to noncontrolling interest.

• Consolidated Balance Sheet Kasper Timmin

  Noncontrolling Interest 96,000 Total $ ?

• Financial Ratios using the DuPont Analysis

  interest 1,394 1,033 1,410 Net income attributable to noncontrolling interest (77) (30) (3) Net income attributable to Best Buy Co., Inc. $ 1,317 $ 1,003 $ 1,407 Consolidated Balance Sheets ($ millions, except footnotes) February