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Mama L [17]
1 year ago
12

How is the noncontrolling interest in a subsidiary company calculated as of the end of a reporting period?

Business
1 answer:
ANEK [815]1 year ago
7 0

The noncontrolling interest in a subsidiary company is calculated at the end of a reporting period by multiplying the subsidiaries’ net income by the noncontrolling interest percentage.

A noncontrolling interest (NCI), or a minority interest, is a situation in which the shareholders own less than 50% of the outstanding shares and thus have no say in the decision-making process.

At the end of a reporting period, the NCI is calculated by taking the NCI percentage and multiplying it with the net income of the subsidiary.  For example, if a minority partner owns 30%  in the subsidiary, and the subsidiary’s net income is $ 2 million, the NCI will be $ 2 million multiplied by 30%, which is $600,000.

To learn more about noncontrolling interest (NCI): brainly.com/question/13635396

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It will take 30 years for country Y’s GDP to catch up with that of country X

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In this question. We are asked to calculate the number of years it will take a certain country Y to catch up with the GDP of a certain country X, given the annual growth rate in both countries.

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