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Title: Advanced Accounting: Consolidated Financial Statements Subsequent to Date of Acquisition summary
Description: Summary for Consolidated Financial Statements after the Date of Acquisition.
Description: Summary for Consolidated Financial Statements after the Date of Acquisition.
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Computation of Consolidated Net Income (CNI)
Parent Approach
Net Income
Dividend Income
Amortization of Excess
Adjusted Net Income
NI Attrubuted to NCI
CNI
Parent
xx
(xx)
xx
Subsidiary
xx
(xx)
+
xx
=
x % of minority interest
xx
xx
xx
Entity Approach
Net Income
Dividend Income
Amortization of Excess
CNI
NI Attrubuted to NCI
NI Attrubuted to Parent
RE Parent Beg
NI Attributed to Parent
Dividends Declared of Parent
Consolidated RE End
Parent
xx
(xx)
xx
Subsidiary
xx
(xx)
+
xx
=
x % of minority interest
xx
xx
(xx)
xx
Accounting for Investment in Subsidiary
Cost Method
Investment in Subsidiary = Acquisition Cost
Equity Method
Acquisition Cost
Share in Net Income
Share in Net Loss
Share in Dividend of Subsidiary
Amortization of Excess
Investment in Subsidiary End
xx
xx
(xx)
(xx)
(xx)
xx
NCI Beg
NCI - NI
NCI - Dividend
NCI - End
xx
xx
(xx)
xx
xx
(xx)
xx
Title: Advanced Accounting: Consolidated Financial Statements Subsequent to Date of Acquisition summary
Description: Summary for Consolidated Financial Statements after the Date of Acquisition.
Description: Summary for Consolidated Financial Statements after the Date of Acquisition.