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23 December, 08:39

X Company acquired 80% of the stock of Y Company and is preparing consolidated financial statements. It has measured the noncontrolling interest, representing the 20% that X does not own. Where will the noncontrolling interest appear on X Company's balance sheet?

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  1. 23 December, 08:49
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    Under equity head.

    The non-controlling interest not acquired in the investment here 20% is called as minority interest.

    This Minority interest is shown under the equity section of a company, it is not shown under the liabilities head of balance sheet, as this is the interest held by other people in our subsidiary which is a minor share.
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