You know when you get one of those questions that when you go back to the book you still can’t understand?!
Got this beauty from the practice questions which is f*cking p*ssing me off. It’s question number 4.
I understand the correct answer (100% of the subsidiaries debt), but if a company owns 50% of another company, and it uses the consolidation method, won’t 50% of the equity of the subsidiary be reported as minority interest on the balance sheet?
Any help would be great, thanks!