Asked by
Marie Hammer
on Nov 02, 2024Verified
Non-controlling interest is entitled to a part of the equity of the:
A) parent entity.
B) subsidiary entity.
C) parent entity as reflected in the consolidated equity.
D) subsidiary entity as reflected in the consolidated equity.
Non-controlling Interest
An ownership interest in a corporation where the stake does not grant the holder the majority of voting rights.
Parent Entity
A company that owns enough voting stock in another corporation to control management and operations by influencing or electing its board of directors.
- Explain the accounting treatment of non-controlling interests within equity in consolidated financial statements.
Verified Answer
AB
Learning Objectives
- Explain the accounting treatment of non-controlling interests within equity in consolidated financial statements.
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