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Under parent company theory How would the value of goodwill be determined? Thoroughly explain why....

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Accounting

Under parent company theory

How would the value of goodwill be determined? Thoroughly explain why. How would the initial value of noncontrolling interest be determined? Thoroughly explain why. How would a company report noncontrolling interest income in the consolidated income statement? Thoroughly explain why. Where would a company report noncontrolling interest in the consolidated balance sheet? Thoroughly explain why. According to the parent company theory, consolidated financial statements should be prepared from the perspective of the parent company stockholders and are an extension of parent company financial statements.

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