Financial Rporting

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Financial Rporting

Postby chandniwadhwani92 » Sun Nov 16, 2014 1:54 pm

what is non controlling interest( minority interest)

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Financial Rporting

Postby edupristine » Wed Nov 19, 2014 9:36 am

In takeover if company owns more then 50% stake of another company it becomes parent company and another company becomes subsidiary company.
In preparing their financial statement Parent company will show minority interest as liability of another company in balance sheet.

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