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Subject Topic: Acquisition Accounting (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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cpa_study_mn
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Joined: 12 Mar 2008
Location: United States
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Posts: 5
Posted: 23 Oct 2010 at 22:05 | IP Logged  

Could someone please tell me when does the Parent Company
start to include the Sub's Shareholders Equity (SE) in the
consolidated BS

My understanding is that Sub's SE is eliminated while
preparing Consolidated BS at the date of acquisition and
Post Acquisition Subs SE is included in the consolidated
BS. Is that correct?
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Zeratul
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Joined: 11 Jun 2009
Online Status: Offline
Posts: 987
Posted: 25 Oct 2010 at 06:47 | IP Logged  

The sub's Stockholder accounts are always eliminated, and the assets and liabilities are consolidated directly with the parent's.
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