The Orme group sells its majority stake in Hêtre SA for 400,000 in cash; the residual stake, without significant influence, has a fair value of 100,000. In the consolidated balance sheet, Hêtre represents assets excluding goodwill of 900,000, goodwill of 100,000, liabilities of 300,000 and non-controlling interests of 80,000. Case convention: no other accumulated other comprehensive income. Record the loss-of-control entry.
- Consideration received in cash
- 400,000
- Fair value of the retained interest
- 100,000
- Carrying amount of the non-controlling interests
- 80,000
- Assets of the subsidiary excluding goodwill
- 900,000
- Goodwill of the subsidiary
- 100,000
- Liabilities of the subsidiary
- 300,000