Answer this theoretical Question of financial accounting Explain the concept of non-controlling interests in financialreporting. How do non-controlling interests affect acompany's consolidated financial statements?

Definitions:1. Non-Controlling Interests (NCI)Non-controlling interests (NCI) represent the…

Answered: Explain the concept of non-controlling…

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter18: Corporations: Organization And Capital Structure

Section: Chapter Questions

Problem 14DQ

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Explain the concept of non-controlling interests in financial reporting. How do non-controlling interests affect a company's consolidated financial statements?