Panini corperation owns 85% of the outstanding voting stock of strath more compa

Question

Panini corperation owns 85% of the outstanding voting stock of strath more company and malone corporation owns the remaining 15% of strathmores voting stock on the consolidated financial statements of panini corporation and strathmore , melone is: A) an ftfliate B) a noncontroling interest C) an equity investee D) a related party Panini corperation owns 85% of the outstanding voting stock of strath more company and malone corporation owns the remaining 15% of strathmores voting stock on the consolidated financial statements of panini corporation and strathmore , melone is: A) an ftfliate B) a noncontroling interest C) an equity investee D) a related party Panini corperation owns 85% of the outstanding voting stock of strath more company and malone corporation owns the remaining 15% of strathmores voting stock on the consolidated financial statements of panini corporation and strathmore , melone is: A) an ftfliate B) a noncontroling interest C) an equity investee D) a related party A) an ftfliate B) a noncontroling interest C) an equity investee D) a related party

Explanation / Answer

Solution: noncontrolling interest

Explanation: Non-controlling interest, also known as minority interest refers to the portion of a subsidiary corporation's stock which is not owned by the parent corporation

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