Saule SA, a subsidiary of Orme SA, has non-controlling interests with a carrying amount of 360,000. Orme acquires 40 % of those interests from third parties for 162,000 in cash, without losing control. Case convention: the entry is made at the consolidated level. Record the entry for this acquisition.
- Carrying amount of the non-controlling interests
- 360,000
- Fraction of the non-controlling interests acquired
- 40 %
- Consideration paid in cash
- 162,000