A “partial acquisition” is a business combination in which an entity acquires a controlling interest, but less than 100 percent of the voting interests, in an entity. The ASC master glossary defines a noncontrolling interest (also known as a minority interest) as “[t]he portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent.” Therefore, the portion of equity in the acquiree held by other parties is presented as a noncontrolling interest in the acquirer’s consolidated financial statements.
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