The following questions pertain to Brookfield's non-controlling interest: a. What is non-controlling interest and why is it
Question:
a. What is non-controlling interest and why is it reported in Brookfield's financial statements?
b. What amount of non-controlling interest is reported on Brookfield's December 31, 2011 balance sheet? What does this amount represent?
c. What amount of Brookfield's net income is attributable to non-controlling interest for the year ended December 31, 2011? What does this amount represent?
d. Which companies in Brookfield's portfolio gave rise to the non-controlling interest?
e. If you were a non-Brookfield investor in Brookfield Properties Corporation, a company 50.8 percent owned by Brookfield, how would you use the non-controlling interest information included in Brookfield's financial statements?
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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a NonControlling interest represents the nonBrookfield investors in a subsidiary that Brookfield con...View the full answer
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