Aram Owns a 20% Interest in a Partnership (Not Real

question 67

True/False

Aram owns a 20% interest in a partnership (not real estate) in which her at-risk amount was $35,000 at the beginning of the year.The partnership borrowed $50,000 on a recourse note and made a $40,000 profit during the year.Her at-risk amount at the end of the year is $43,000.

Grasp the significance of fair value method and proportionate interest method in NCI measurement.

Explore the disclosure requirements for NCI in consolidated financial statements.

Examine how NCI interacts with profits, retained earnings, and interstate group activities.

Understand the calculation of non-controlling interest (NCI) and its components.

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