Mathandler1
Jul 26, 2007, 10:33 AM
Please Help here:
Minority interest:
a. represents ownership of stockholders who own less than 60% of the outstanding stock in a consolidated company.
b. represent the rights of nonmajority shareholders to assets and earnings of a consolidated company.
c. represents ownership of those stockholders who own between 20 and 50%.
d. represents ownership of those stockholders who own less than 20% of the stock in a consolidated corporation
I choose (b). What does anyone else think? Please answer?
Minority interest:
a. represents ownership of stockholders who own less than 60% of the outstanding stock in a consolidated company.
b. represent the rights of nonmajority shareholders to assets and earnings of a consolidated company.
c. represents ownership of those stockholders who own between 20 and 50%.
d. represents ownership of those stockholders who own less than 20% of the stock in a consolidated corporation
I choose (b). What does anyone else think? Please answer?