ADVANCED ACCT.,SEL.CH.-W/ACCESS>CUSTOM<
14th Edition
ISBN: 9781307566574
Author: Hoyle
Publisher: MCG
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Question
Chapter 4, Problem 1Q
To determine
Explain the meaning of term non-controlling interest.
Expert Solution & Answer
Answer to Problem 1Q
The interest which is other than that of parent company in any entity is termed as non-controlling interest.
Explanation of Solution
Non-controlling interest:
The interest which is other than that of parent company in any entity is termed as non-controlling interest. The non-controlling interest specifies the percentage of ownership which is not owned by the parent company.
For example, if the parent company own 70% in the subsidiary then the remaining 30% is the non-controlling interest.
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=
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Chapter 4 Solutions
ADVANCED ACCT.,SEL.CH.-W/ACCESS>CUSTOM<
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