On December 31, 2017 (A) paid JD150000 for 75% of (B) with a goodwill of...

70.2K

Verified Solution

Question

Accounting

image
On December 31, 2017 (A) paid JD150000 for 75% of (B) with a goodwill of JD30000 as a result. You have given the following data: 1. (A) earned net operating income of 100000 and declared dividends of 40000 . 2. (B) earned net operating income of 50000 and declared dividends of 30000 . 3. The goodwill is impaired by 10% each year The non-controllable interest in the consolidated financial statement will be( economic concept)

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