Noncontrolling interest share is viewed as an expense under ________ theory.

Question

Quizplus · Accepted Answer

Noncontrolling interest represents the portion of equity in a subsidiary that is not owned by the parent company. Parent company theory considers non-controlling interest as a liability to the parent company, and any profits or losses attributed to non-controlling interest are viewed as expenses. Therefore, non-controlling interest share is viewed as an expense under parent company theory.

Noncontrolling Interest Share Is Viewed as an Expense Under ________