Parties who are not part of the ownership of the parent entity in a group and who own capital in a company that is a controlled entity in that group are called outside financing interests.
Correct Answer:
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Q2: Under the proprietary concept of consolidation,non-controlling interests
Q3: Non-controlling interests arise when:
A) The parent entity
Q4: Non-controlling interests are 'identified' and eliminated as
Q5: In preparing consolidated financial statements non-controlling interests
Q6: Finger Ltd purchased 75 per cent
Q8: AASB 101 Presentation of Financial Statements requires
Q9: When a subsidiary company that has a
Q10: Non-controlling interests are shown as equity,that is,as
Q11: Only dividends payable to the parent entity
Q12: On 1 July 2015 Harry Ltd
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