Many companies report minority interests in subsidiary companies between the long term debt and equity sections of a consolidated balance sheet others present them as part of shareholders equity a Describe minority interest b Indicate where on the consolidated balance sheet it best belongs Discuss ...

a Minority interests are the claims of shareholders o ...

Many companies report minority interests in subsidiary companies between the long-term debt and equity sections of a

Question:

Many companies report “minority interests in subsidiary companies” between the long-term debt and equity sections of a consolidated others present them as part of shareholders’ equity.
a. Describe minority interest.
b. Indicate where on the consolidated it best belongs. Discuss what different points of view these differing presentations represent.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...