A post-control date change in the percentage ownership by the parent entity requires all of the assets and liabilities to be remeasured to their fair value for inclusion in the consolidated balance sheet.

Question

Quizplus · Accepted Answer

A change in the percentage ownership by the parent entity after control has been established does not necessitate a remeasurement of all assets and liabilities to their fair value for inclusion in the consolidated balance sheet. The consolidation process continues based on historical costs, and adjustments are typically made to equity accounts to reflect changes in ownership interest.

A Post-Control Date Change in the Percentage Ownership by the Parent