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In: Accounting

"Noncontrolling interest": is a component of the parent company's net income and reported on the income...

"Noncontrolling interest":

is a component of the parent company's net income and reported on the income statement.

is a component of stockholders' equity attributable to the parent company and reported on the balance sheet.

is the portion of equity in a subsidiary not attributable, directly or indirectly, to the parent company, and reported on the balance sheet within equity, but separate from the parent company's equity.

is not reported within the parent company's consolidated financial statements, but instead reported within the minority stockholders' financial statements.

Solutions

Expert Solution

Non Controlling interest is that portion of the equity which is not acquired by the subsidiary company so non controlling interest should be reported in consolidated financial statement but in separate portion

So answer is c) is the portion of equity in a subsidiary not attributable, directly or indirectly, to the parent company, and reported on the balance sheet within equity, but separate from the parent company's equity.

ekkarill92 answered 2 years ago
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