According to AASB 10/IFRS 10 Consolidated Financial Statements, the term 'non-controlling interest' is defined as:
A) equity in a parent that is owned, directly or indirectly, by a subsidiary.
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 portion of equity in a subsidiary that is not attributable, directly or indirectly, to a parent. It is also referred to as minority interest.

According to AASB 10/IFRS 10 Consolidated Financial Statements, the Term