Questions from Advanced Accounting


Q: What is non-controlling interest, and where is it reported

What is non-controlling interest, and where is it reported in the consolidated balance sheet under the identifiable net assets and fair value enterprise methods?

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Q: On December 31, Year 7, Pepper Company, a public

On December 31, Year 7, Pepper Company, a public company, agreed to a business combination with Salt Limited, an unrelated private company. Pepper issued 82 of its common shares for all 50 of the outs...

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Q: Pluto Technology Venture (PTV) is an unincorporated joint operation with

Pluto Technology Venture (PTV) is an unincorporated joint operation with three current joint operators. A few other prospective investors are awaiting an opportunity to invest in PTV. PTV was organize...

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Q: Nova Mine Engineering is a junior Canadian company with a variety of

Nova Mine Engineering is a junior Canadian company with a variety of operating subsidiaries and other undertakings that provide mine engineering and management services in Canada and in several less-d...

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Q: Mega Communications Inc. (MCI) is a Canadian-owned

Mega Communications Inc. (MCI) is a Canadian-owned public company operating throughout North America. Its core business is communications media, including newspapers, radio, television, and cable. The...

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