Problem

On October 2, 2010, The Coca-Cola Company acquired the 67 percent of CCE’s North America...

On October 2, 2010, The Coca-Cola Company acquired the 67 percent of CCE’s North American business that was not already owned by the company for consideration of $6.84 billion that included:

• The company’s 33 percent indirect ownership interest in CCE’s European operations.

• Cash consideration.

• Replacement awards issued to certain current and former employees of CCE’s North American and corporate operations.

Access Coca-Cola’s 2010 10-K annual report and answer the following.

Upon acquisition of the additional 67 percent interest, how did Coca-Cola account for the change in fair value of its original 33 percent ownership interest?

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