Accounting · Consolidated Financial Statements
In Consolidated Financial Statements (CFS), how is 'Minority Interest' (Non-Controlling Interest) calculated on the balance sheet date?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is the profit earned by the subsidiary during the pre-acquisition period only
- 2It is the total liabilities of the subsidiary minus the total assets of the parent company
- 3It is the proportionate share of the minority shareholders in the net assets of the subsidiary on the reporting date✓
- 4It is the nominal value of shares held by the parent company in the subsidiary
Correct answer
It is the proportionate share of the minority shareholders in the net assets of the subsidiary on the reporting date
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