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Minority interest question..

An entity A is partially owned by parent holding company( entity B) ( by 80%) and being consolidated under purchase method.

Does the current year netincome needs to be allocated to minority interest for 20%?

Appreciate input..

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  • Posted on Oct 07, 2016 at 04:42 AM

    Yes.

    In general, the percentage not owned by holding company has to be allocated to Minority.

    So Minority will be values from:

    1. Current year profit or loss

    2. Share capital

    3. opening retained earning.

    Regards,

    Rahul

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