is the Non-Controlling Interest reported in the Balance Sheet the same as the one reported in the Income Statement ?
appreciate anyone’s clarification.
The one on the income statement is the noncontrolling interest in the subsidiary’s income, while the one on the balance sheet is the noncontrolling interest in the subsidiary’s ownership.
Not exactly the same thing.
True! hence why you deduct the non controlling interest in the income statement to account for the part that is only controlled by the parent company. make sense
Thanks
You’re quite welcome.