Explain how is the presence of the other owners reflected

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Reference no: EM13126600

Total ownership is not a requirement for consolidation. A parent need only gain control of another company to create a business combination. If less than 100% of a subsidiary's voting stock is obtained, how is the presence of the other owners reflected in consolidated financial statements, What accounting is appropriate for a noncontrolling interest?

Reference no: EM13126600

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