Where a subsidiary has shareholders other than the parent company,the item outside equity interests will appear in the:
A) consolidated balance sheet
B) balance sheet of the parent company
C) balance sheet of the subsidiary company
D) balance sheet of both the parent and subsidiary company.

Question

Quizplus · Accepted Answer

The consolidated balance sheet combines the financial statements of the parent company and its subsidiaries, including any outside equity interests in the subsidiary. Therefore, the item outside equity interests will appear in the consolidated balance sheet.

Where a Subsidiary Has Shareholders Other Than the Parent Company,the