Explain the meaning of term non-controlling interest.

Question

Want to see more full solutions like this?

Answer 1

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

What is the sales margin for the division?

A new machine with a purchase price of $90,000, transportation costs of $8,000, installation costs of $6,000, and special handling fees of $2,000, would have a cost basis of___. a. $106,000 b. $110,000 c. $108,000 d. $102,000

Samuel Enterprises had an $185,000 beginning balance in Accounts Receivable. During the year, credit sales were $680,000 and customers' accounts collected were $590,000. What was the net amount of receivables included in the current assets at the end of the year, before any provision was made for doubtful accounts?

Answer 2

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

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.

Answer 6

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.

Answer 7

Chapter 4, Problem 1Q

To determine

Explain the meaning of term non-controlling interest.

Answer 8

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.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

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.