I've looked up NCI definition, and each one has different definitions of shareholder's ownership %. Some say Less than 50%, some say more than 50% but less than 100% (like this one), and some say Less than 100%. THose are all very different !!!
Thanks Professor Farhat! Your explanation helped to clarify this difficult chapter. I hope you will have an upcoming video going over LO-5 from chapter 4 about the Partial Ownership Consolidation Using the Acquisition Method.
I've looked up NCI definition, and each one has different definitions of shareholder's ownership %. Some say Less than 50%, some say more than 50% but less than 100% (like this one), and some say Less than 100%.
THose are all very different !!!
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Wow, thanks. Please take a look at my FAR CPA exam resources. farhatlectures.pathwright.com/library/?category=CPA+Exam+FAR
Thanks Professor Farhat! Your explanation helped to clarify this difficult chapter. I hope you will have an upcoming video going over LO-5 from chapter 4 about the Partial Ownership Consolidation Using the Acquisition Method.
Yes, more to come.
I think goodwill is what you're paying in excess of the fairvalue and NOT the difference between the fairvalue and the bookvalue
I think there is a typo at 11:32, the total should be $545,000 not $525,000