In preparing the Subsidiary company's Income distribution schedule (IDS), how is the total amount distributable...

60.1K

Verified Solution

Question

Accounting

image

In preparing the Subsidiary company's Income distribution schedule (IDS), how is the total amount distributable to non- controlling interest calculated? [Internally generated Subsidiary's net income - Other adjustments (if any) + Full Amortization of excess] x Non-controlling interest (%) only answer neede [Internally generated Subsidiary's net income + Other adjustments (if any) - Full Amortization of excess from value schedule) x Non-controlling interest (%) [Internally generated Subsidiary's net income - Full Amortization of excess from value schedule] x Non- controlling interest (%) [Internally generated Subsidiary's net income + Other adjustments (if any)] x Non-controlling interest (%)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students