How is the minority interest in net assets of subsidiary displayed in a consolidated balance sheet under the economic unit concept of consolidated financial statements?

Question

Quizplus · Accepted Answer

Minority interest in net assets of a subsidiary is displayed as a separate item in the stockholders' equity section under the economic unit concept of consolidated financial statements. This reflects the portion of equity in a subsidiary not attributable directly or indirectly to the parent company.

How Is the Minority Interest in Net Assets of Subsidiary