CONSOLIDATED FINANCIAL STATEMENTS—DATE OF ACQUISITION
LEARNING OBJECTIVES
Understand the concept of control as used in reference to consolidations.
Explain the role of a noncontrolling interest in business combinations.
Describe the reasons why a company acquires a subsidiary rather than its net assets.
Describe the valuation and classification of accounts in consolidated financial statements.
List the requirements for inclusion of a subsidiary in consolidated financial statements.
Discuss the limitations of consolidated financial statements.
Record the investment in the subsidiary on the parent's books at the date of acquisition.
Prepare the consolidated workpapers and eliminating entries ...
Get Advanced Accounting, 5th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
