According to IFRS 10 Consolidated Financial Statements, the term 'non-controlling interest' means:
A) the total equity of the combined group
B) the equity in the parent entity other than the portion owned by the subsidiary entity
C) the equity in the economic entity other than that which can be attributed to the subsidiary entity
D) equity in a subsidiary not attributable, directly or indirectly, to a parent.

Question

Quizplus · Accepted Answer

Non-controlling interest refers to the equity in a subsidiary that is not attributable, directly or indirectly, to the parent. It represents the portion of the subsidiary's equity that belongs to outside shareholders, also known as minority interest.

According to IFRS 10 Consolidated Financial Statements, the Term 'Non-Controlling