Question:
Acquisition Journal Entry
Author: LandiniLizardAnswer:
DR: Common Stock (Sub @ NBV) DR: APIC (Sub @ NBV) DR: RE (Sub @ NBV) CR: Investment in Sub (Parent @ FV) CR: Non-Controlling Interest (*FV) DR: Balance Sheet Adjustments to FV DR: Identifiable Asset Adjustments to FV DR/CR: Goodwill/Gain (Plug)
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Author
LandiniLizard