p has acquired S for 80% control on 12/27/2014. S had a net


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p has acquired S for 80% control on 12/27/2014. S had a net income for the fiscal year of $1,000. The fiscal year ends on 12/31/2015 for the year. Do we take the 80% of annual net income and subtract dividends for the year in the consolidation? Do we prorate the amponts by number of days in the year? radchef
posted a question ยท Apr 23, 2015 at 2:02pm

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