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A large earthquake in rural China killed 250,000 people, while an earthquake of similar size in California killed only 65. These comparative figures demonstrate that natural disasters can have greater or lesser effects on human life depending on __________.
Direct NCI
Direct non-controlling interest (NCI) refers to the portion of equity in a subsidiary not held directly by the parent company, giving those external shareholders a proportional share of the entity's net assets and profits.
Economic Entity
An organizational unit for which it is possible to separate financial information and which conducts economic activities independently.
Consolidated Financial Statements
The financial statements of a group in which the assets, liabilities, equity, income, expenses, and cash flows of the parent and its subsidiaries are presented as those of a single economic entity.
Ownership Interest
The right or claim an individual or entity has on assets, often evidenced by equity or shares in a company.
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