What is minority interest?
Answer Posted / bloody idiot
If a firm has a controlling interest in subsidiary, the pro-
rata share of the subsidiary's income for the portion of
the subsidiary that the firm does not own is reported in
the parent's Income Statement as Minority Owner's Interest.
The same is substracted from Parent co's Income since a
controlling interest means the subsidiary's entire net
income is included in the firm's Income Statement
Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Discuss the advantages and the limitations of the LPG Policy, 1991?
What do you know about retail lending?
Mention how you can view the Books of Accounts in Tally ERP 9?
Do you know the difference between extrovert and introvert?
Highlight the key features of Union Budget 2017
What do you mean by amortization and impairment?
What is Company Limitted by Shares?
DOW stock exchange belongs to which country?
How will your professional knowledge be helpful in the banking career?
What Is The Difference Between Bombay Stock Exchange And National Stock Exchange?
What help does effective marketing provide with?
Why Are You Not Working Anywhere From Past 6 Months ?
Have you ever had to bend the rules to get the job done. Why was that?
Define Naked Debentures?
Explain various Types of Merging?