Parent acquires all outstanding shares of common stock from non controlling interest

USA Discussion in 'Technical Queries' started by hlp1117, Feb 12, 2019 at 12:36 PM.

  1. hlp1117

    hlp1117

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    A parent company owns 80% of a subsidiary with total equity of (250k). The parent's books show an investment of $150k, an accumulated loss of $200k, and additional paid in capital from non controlling interest of $50k. The parent purchases 20% of the common stock directly from the non controlling interest for $100k cash. What entry needs to be made on the parent's books?
     
    hlp1117, Feb 12, 2019 at 12:36 PM
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