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Chapter 6 — Attribution of Income, Other Comprehensive Income, and Cumulative Translation Adjustment Balances

6.1 Overview

6.1 Overview

ASC 810-10
45-2 The retained earnings or deficit of a subsidiary at the date of acquisition by the parent shall not be included in consolidated retained earnings.
45-4 When a subsidiary is initially consolidated during the year, the consolidated financial statements shall include the subsidiary’s revenues, expenses, gains, and losses only from the date the subsidiary is initially consolidated.
45-19 Revenues, expenses, gains, losses, net income or loss, and other comprehensive income shall be reported in the consolidated financial statements at the consolidated amounts, which include the amounts attributable to the owners of the parent and the noncontrolling interest.
45-20 Net income or loss and comprehensive income or loss, as described in Topic 220, shall be attributed to the parent and the noncontrolling interest.