is Minority interest included in net income under gaap and ifrs respectively?

CFA Level II
#1

is Minority interest included in net income under gaap and ifrs respectively?

#2

Are you referring to the minority interest’s share of the subsidiary’s net income? If so, then yes, it is deducted.

#3

But only for the acquisition method. Equity method there is no minority interest account. And proportionate consolidation gives you NI without the minority interest.