As discussed in Section 2.7 and Chapter 6, a portion of a partially owned subsidiary’s earnings is typically attributed to noncontrolling interests in accordance with ASC 810-10. The amount of the subsidiary’s earnings (loss) attributed to noncontrolling interests generates a corresponding increase (decrease) in the noncontrolling interests’ carrying amount. As described in Section 9.4.2, the ASC 810-10 attribution adjustment must be recorded before the reporting entity records an ASC 480 measurement adjustment.
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