Unformatted text preview: consolidated financial statements. This is because the consolidation is done on a total basis and those interest which is not owned by the holding company should be reported as a liability and thus shown below shareholders equity. 5. How is the non-controlling interest in a subsidiary company calculated as of the end of the current year? Solution: The non-controlling interest in the subsidiary is calculated as under – Share in share capital XX Add: Share in profits XX Non-controlling interest XX...
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- Fall '11
- Accounting, Subsidiary, consolidated financial statements