definition of equity for exam

CFA Level II
#1

I’ve always understood Equity as simply Retained Earning and Shareholders/ Commonstock and not inculding Minority Interest if there is

For the exam is this what it should be? Because I encounter a number that included Minority Interest in a normal calculation of a return on equity ratio…

#2

Normally you exclude minority interest in calculating ROE.

However, in general, when they say, “equity”, it includes minority interest.