stalkey

under the equity method, no minority interest gets recorded. Think about it logically - if you only own like 20% of the company, YOU AS THE 20% OWNER are the minority interest.

Minority interest is a concept for the acquisition method, when i consolidate a company (>50% ownership) for which I don't own the entire thing. Under full consolidation, i record 100% of the assets and liabilities of the acquired company, and then reflect the fact that I don't actually own 100% of the company via the minority interest account.