The Equity in a Subsidiary That Is Not Attributable to a Parent

question 14

Multiple Choice

The equity in a subsidiary that is not attributable to a parent is known as a/an:

• A) external interest.
• B) attributable interest.
• C) non-direct interest.
• D) non-controlling interest.

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Definitions:

Fair Value

The approximate financial worth of an asset or liability, determined by existing prices in a transparent and contestable market.

Fully Amortized

Pertains to a loan or mortgage that has been completely paid off, principal and interest, over its term.

Direct Combination Costs

Expenses directly associated with the execution of a business combination, such as legal fees, consulting fees, and other administrative costs.

Goodwill

An intangible asset representing the future economic benefits arising from assets that are not capable of being individually identified and separately recognized.