Find Corp and has elected to use proportionate consolidation method to report its investment in Find Corp. for 2013. Both companies are subject to 40% tax rate. What is the amount of non-controlling interest that would appear on Seek's December 31, 2013 Consolidated Balance Sheet?

Question

Quizplus · Accepted Answer

Under the proportionate consolidation method, there is no non-controlling interest reported because the investor only consolidates its share of the assets, liabilities, revenues, and expenses of the investee.

Find Corp and Has Elected to Use Proportionate Consolidation Method