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+--- Thread: Minority interest (/thread-minority-interest)
Minority interest - Daniellll - 01-04-2010
if you own more than 51% of another firm and you want to report consolidated income statements, you should consolidate them as if you own 100% of the other firm. On the Liability side of the income statement what should you put ?
Assume A has 100m assets, 80m debt and 20m equity owns 51% of B with 50m assetsm 20m debt and 30 m equity. Can someone explain the entries to me when you want to consolidate?
- Sh.Mohsin - 01-29-2010
Please you explain me the liability side of income statement