In order to be consistent with all three questions (12-14), you really have to assume that the balances given in the problem are at the end of 2 years, which means that all NI and Div for both years has been included in the net assets (equity) that we see presented. So for #13 specifically, the NCI calculation should be:
Beginning FV 180 + Change in BV 130 x .4 = 52
-2 years of amort 28 x .4 = 11.2
For an Ending NCI balance of 220.8
Adding in the CY NCI or amort would be double counting it.
About Advanced Financial Topics
- Carly Andrews
- This course covers accounting for business combinations, preparation of consolidated financial statements, segment reporting, foreign currency transactions, and pensions.
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