Sometimes, a consolidated statement of financial position does not show a figure in respect of non-controlling...

Sometimes, a consolidated statement of financial position does not show a figure in respect of non-controlling interest, which of the following shows the reason of this situation?
A.None of the subsidiaries were acquired as going concerns.
BThe group has no associated undertakings.
CThe parent company has a widespread shareholding.

D Entire subsidiaries are wholly owned by the parent company

Solutions

Expert Solution

Minority interest can be zero if parent company aquired all equity shares of subsidiary company.

Than means when entire subsidiaries are wholly owned by the parent company a consolidated balance sheet does not show minority interest ( non controlling interest).

ekkarill92 answered 2 years ago

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