Company A owns shares of Company B and Company C.The statements of Company B are consolidated with those of Company A.The statements of Company C are not consolidated.Company A reports "Minority Interest" on its balance sheet.This account represents:
A) A's minority share of the stock of B
B) A's minority share of the stock of C
C) the minority share by outside owners of the stock of A
D) the minority share by outside owners of the stock of B
E) the minority share by outside owners of the stock of C

Question

Quizplus · Accepted Answer

Minority Interest represents the portion of a subsidiary (Company B) that is not owned by the parent company (Company A) and is owned by outside shareholders.

Company a Owns Shares of Company B and Company C