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Advanced Accounting, 5th Edition by Paul K. Chaney, Debra C. Jeter

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CHANGES IN OWNERSHIP INTEREST

LEARNING OBJECTIVES

images Identify the types of transactions that change the parent company's ownership interest in a subsidiary.

images Describe the process needed when the parent acquires subsidiary shares through multiple open market purchases.

images Explain how the parent reports the difference between selling price and book value when shares are sold subsequent to acquisition.

images Compute the controlling interest in income after the parent sells some shares of the subsidiary company.

images Describe the effect on the eliminating process when the subsidiary issues new shares entirely to the parent, and the parent pays either more or less than the book value of the subsidiary shares.

images Describe the impact on the parent's investment account when the subsidiary issues new shares and either ...

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