Accounting - consolidation report

In consolidation, companies combine all of the assets, equity, liabilities, revenues, and expense of subsidiaries with the parent.

Not sure if above is correct or not.

Not equity.

Thanks. But if Asset and Liability yes, why Asset - Liability can’t.

It creates Non-controlling Interest in Equity, when acquiring less then 100 %.

Thanks. So we can’t add up “Asset” either?

We will add Assets & Liabilities, but in Total Equity- NCI will also gets added to balance the equation.