Acquisitions Involving a Non-Controlling Interest | Accounting
FASB Statements "Business Combinations" (SFAS 141R) and "Noncontrolling Interests and Consolidated Financial Statements" (SFAS 160) clearly embrace the fair-value concept in accounting for business combinations. The FASB stresses that consolidated statements should reflect the underlying economics that exist on the date a business is acquired. To capture those economics, the fair value of the acquired firm, at the date control [...]