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Minority Interest

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If less than 100% of a subsidiary's voting stock is obtained,

A. how is the presence of the other owners reflected in consolidated financial statements?
B. what accounting is appropriate for a non controlling interest?
C. how are these figures computed and where are they reported on the consolidated statements?

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Solution Summary

The solution explains 'Minority Interest', what it means, where it appears on financial statements and how are the amounts computed.

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A. The presence of other owner is reflected through an account called the "Minority Interest" Account.

B. This appears on consolidated financial statements where the parent company's figures are combined with those of its subsidiaries. Even if the ...

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