ASC 810-10-20 defines a noncontrolling interest as the “portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent.” Consequently, noncontrolling interests are presented only in the consolidated financial statements of a parent whose holdings include a controlling interest in one or more subsidiaries it partially owns. Noncontrolling interests in a partially owned subsidiary are not recognized in the subsidiary’s own financial statements (see Section 3.2).
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