Replies to post #156592 on TPT Global Tech Inc (TPTW)

[peafunke]

Doesn’t matter if it’s private.

Everything reports through TPT Global is it’s is majority owned. The original owners retain ownership of their ‘share’ of the company (ie they can still sell 40% of what the company is worth … remember your credited valuation).

But all revenues liabilities and assets are owned by TPT. I don’t believe you get the percentage of the acquisition percent. The company is ‘acquired’ and everything reports through TPT.

“When an acquirer obtains control of a business, its consolidated financial statements include 100% of the assets acquired, liabilities assumed, and noncontrolling interests, generally at fair value, in accordance with ASC 805. The acquirer records 100% even when less than 100% of the acquiree is obtained.”

https://viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/business_combination/business_combination__28_US/chapter_5_partial_ac_US/5_3_accounting_for_partial_and_step_acquisitions.html#pwc-topic.dita_f41df026-3330-453e-a191-6b6bcacd20e2