Examlex

Solved

How Is a Noncontrolling Interest in the Net Income of an Entity

question 105

Essay

How is a noncontrolling interest in the net income of an entity reported in the income statement?


Definitions:

Down Payment

An initial upfront portion of the total amount due, typically associated with the purchase of expensive items like a home.

Freddie Mac

A government-sponsored enterprise (GSE) in the United States that aims to expand the secondary mortgage market by buying mortgage loans and mortgage-related securities.

Fannie Mae

A government-sponsored enterprise (GSE) aimed at expanding the secondary mortgage market by securitizing mortgages.

Mortgage-Backed Securities

Securities issued for the financing of large pools of mortgages. The promised returns to the security holders are derived from the mortgage interest payments.

Related Questions