Noncontrolling interest reflects the ownership of noncontrolling stockholders in the equity of consolidated subsidiaries less than wholly occurred.

Question

Quizplus · Accepted Answer

Noncontrolling interest refers to the portion of equity in a subsidiary that is owned by shareholders who don't have control of the subsidiary. It is reflected as a separate line item in the consolidated balance sheet and income statement, and it represents the proportionate share of earnings and assets of the subsidiary that are attributable to non-controlling shareholders.

Noncontrolling Interest Reflects the Ownership of Noncontrolling Stockholders in the Equity