________ represent the rights of nonmajority shareholders in the assets and earnings of a company that is consolidated into the accounts of its majority shareholder.

Question

Quizplus · Accepted Answer

Noncontrolling interests represent the ownership of minority shareholders in a subsidiary company that is consolidated into the accounts of its majority shareholder. Noncontrolling interests also represent the proportional share of the subsidiary's assets and earnings that belong to minority shareholders.

________ Represent the Rights of Nonmajority Shareholders in the Assets