Manuel Ltd

question 27

Multiple Choice

Manuel Ltd. purchases 65% of Faiz Co. Under the entity method of consolidation, what is allocated to non-controlling interest?

• A)35% of Faiz's net assets at fair value.
• B)35% of Faiz's net assets at carrying value plus 35% of Faiz's fair value increments including goodwill.
• C)35% of Faiz's net assets at carrying value.
• D)35% of Faiz's net assets at carrying value plus 35% of Faiz's fair value increments excluding goodwill.

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