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


Joined
Feb 12, 2019
Messages
1
Reaction score
0
Country
United States
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?
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top