When a Parent Increases Its Ownership Interest, the Difference Between

question 23

True/False

When a parent increases its ownership interest, the difference between the amount that was paid by the parent and the amount that was transferred from the non-controlling interest is allocated to equity.

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Definitions:

Documents of Title

Legal documents that prove ownership of an asset, such as a bill of lading or warehouse receipt.

Accounts

Records summarizing financial transactions, reflecting the financial condition and operations of an entity.

Article 9

A section of the Uniform Commercial Code dealing with secured transactions involving personal property.

Personal Property

Any movable property that is not considered real property, such as vehicles, electronics, and furniture.