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1 .If a parent owns 80% of the subs outstanding stock, the Consolidated Balance Sheet...

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Accounting

1 .If a parent owns 80% of the subs outstanding stock, the Consolidated Balance Sheet will include an account, Non-controlling Interest in Sub, in the stockholders' equity section

True or False

2. If a parent owns 80% of the sub's outstanding stock, the Consolidated Balance Sheet will include 100% of the parent's assets and liabilities, plus 80% of the sub's assets and liabilities

True or False

3. Determine the allocation of Consolidated NI to the Non Controlling Interest, for problem set 7 & 8.

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