ADVANCED ACCOUNTING
ADVANCED ACCOUNTING
4th Edition
ISBN: 9781618533128
Author: Halsey
Publisher: Cambridge Business Publishers
Question
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Chapter 5, Problem 1Q
To determine

Define noncontrolling interest.

Expert Solution & Answer
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Explanation of Solution

Non-controlling interest is a type of ownership in which the shareholder holds less than 50% of the outstanding shares and has no influence over decisions. Non-controlling interest (NCI), also known as minority interest.

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