Standards Codification Accounting (ASC) 810, incorporates Statement of whichAccounting Standards Financial (SFAS) 160, interests in consolidated financial NoncontrollingStatements, changes in the ownership interests when, the parent retains control requires, beAs equity transactions treated from the group perspective. Thus if a parent company sells twentyOf its investment percent in a wholly owned subsidiary thereby reducing its ownership stake toPercent then, no gain or loss eighty can be recognized from a group standpoint.Paper addresses the procedures This necessary to account for equity transaction salesThe perspective from of the parent and the group. The literature review is followed by a critiqueThe current practice and of an illustration of the methodology before offering a conclusion.
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