Quick question on non controlling interest equity, interest, question, target

LorrinCFA

If Company A with $1,000 of equity acquires a 70% stake in Company B which has $500 in shareholder equity.  Assume book value = faire value and no goodwill (but I dont think it matters for this).
If we consolidate what is the consolidated entity’s shareholder equity?
Is it $1000 + $350 (70% * $500) = $1350 ?
Or is it $1000 + $150 (non controlling interest of 30%) = $1150 ?
Trying to be sure about what happens to the target’s equity.

LorrinCFA

Oh my gosh I’m so sorry I was thinking about the income statement.  I really should’ve been more thoughtful.  You subtract out minority interest earnings on the income statement but the minority interest account on the b/s is the portion of the company’s equity you do not own.