The consolidated financial statements are thosestatements which are prepared for providing a consolidated view of financials of the company having subsidiary companies. The minority interest is that portion of stock which the parent company does not hold in the subsidiary company and does not hold any controlling interest. To choose: The correct option for determining the net amount that should be reported as non-controlling interest in net assets.

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Chapter 3, Problem 3.3.1E

To determine

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The consolidated financial statements are thosestatements which are prepared for providing a consolidated view of financials of the company having subsidiary companies.

The minority interest is that portion of stock which the parent company does not hold in the subsidiary company and does not hold any controlling interest.

To choose:The correct option for determining the net amount that should be reported as non-controlling interest in net assets.

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