is Minority interest included in net income under gaap and ifrs respectively? net, income, included, interest

laurab

is Minority interest included in net income under gaap and ifrs respectively?

kkn006

Are you referring to the minority interest's share of the subsidiary's net income? If so, then yes, it is deducted.

NO EXCUSES

redskins44

But only for the acquisition method. Equity method there is no minority interest account. And proportionate consolidation gives you NI without the minority interest.