01-04-2010, 12:40 AM
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?
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?
