did anyone try to do the first question using the method in schweser book 2 pg 141? that is the method where you actually get the consolidate rev, cogs, sga balances and figure out income… I thought this is the appropriate way to do this question, in which case it becomes weird to include the taxes of JV but not the partner/half owner
Question one asks about the equity method. The page you are going to in schweser is for the prop. consolidation which is used in question 2. Perhaps I am misunderstanding your question.
oops yes, sorry I was doing the PCM method not equity )) i thought it was intl gaap
but even in intl gaap this would be equity, its pcm only when ownership = 50%