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Topic: Business
Number of pages / Number of words: 2 / 474
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In the case that Thermo Electron Corporation does not own 100% of the capital stock of Thermo Electron Technologies, minority interest should be accounted for on the consolidated balance sheet. Consolidated net income and consolidated retained earnings (minus the earnings applicable to minority interest) should also be included on the consolidated income statement...


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Consolidated net income and consolidated retained earnings (minus the earnings applicable to minority interest) should also be included on the consolidated income statement.

Bibliography

Baldwin, Carliss and Forsyth, Joetta. "Thermo Electron Corporation". June 9, 1992.


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