There is a noncontrolling interest when ________.
A) a company uses the equity method to account for ownership of another company
B) a company controls another company, but owns less than 100% of voting shares
C) a company controls another company but owns less than 100% of that other company
D) a company is owned by others outside the company

Question

Quizplus · Accepted Answer

Noncontrolling interest arises when a parent company controls a subsidiary but does not own 100% of its voting shares, meaning there are other shareholders with a minority interest.

There Is a Noncontrolling Interest When ________