Page 300 - SBR Integrated Workbook STUDENT S18-J19
P. 300
Chapter 19
Example 4
Share purchases
ABC owns 80% of the ordinary shares of LMN. ABC buys another 5% of the
shares of LMN for $1 million. On this date, the carrying amount of the non-
controlling interest in LMN was $6 million.
No entries have yet been posted in respect of this transaction.
What adjustments are required in the consolidated financial statements
to reflect the above transaction?
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