On that date, which of the following statements pertaining to Non-Controlling Interest is TRUE?
A) HRN's Non-Controlling Interest account will include 20% of the fair value of NHR's net assets.
B) HRN's Non-Controlling Interest account will include 20% of the book value of NHR's net assets.
C) HRN's Non-Controlling Interest account will include 20% of the acquisition differential on the Date of Acquisition.
D) HRN's Non-Controlling Interest account will include 20% of any unallocated portion of the acquisition differential on the Date of Acquisition.

Question

Quizplus · Accepted Answer

The Answer of On that date, which of the following statements pertaining to Non-Controlling Interest is TRUE?
A) HRN's Non-Controlling Interest account will include 20% of the fair value of NHR's net assets.
B) HRN's Non-Controlling Interest account will include 20% of the book value of NHR's net assets.
C) HRN's Non-Controlling Interest account will include 20% of the acquisition differential on the Date of Acquisition.
D) HRN's Non-Controlling Interest account will include 20% of any unallocated portion of the acquisition differential on the Date of Acquisition.

On That Date, Which of the Following Statements Pertaining to Non-Controlling