kjl74
Nov 16, 2009, 11:24 AM
I have a question regarding less than wholly owned Consolidated financial statements.
How do you calculate the investment in a subsidiary if 80% of outstanding common stock is purchased at $30 per share and the common stock, at purchase, on the balance sheet is 600,000 $10 par. I've come up with $1,440,000 just needed to see if that was correct.
How do you calculate the investment in a subsidiary if 80% of outstanding common stock is purchased at $30 per share and the common stock, at purchase, on the balance sheet is 600,000 $10 par. I've come up with $1,440,000 just needed to see if that was correct.