Accounting Research Tool
Chapter 12 — Other Investments and Special Situations

12.4 QAHP Investments

12.4 Noncontrolling Interests

The ASC master glossary 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. The objective of accounting for noncontrolling interests is to present users of the consolidated financial statements with a clear depiction of the portion of a subsidiary’s net assets, net income, and net comprehensive income that is attributable to equity holders other than the parent.