What is the difference between minority interest one the balanceheet - ProProfs Discuss
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What is the difference between minority interest one the balanceheet and minority interest on the earnings statement?

Asked by Ella, Last updated: Aug 24, 2021

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John Smith

John Smith

John Smith
John Smith

Answered Sep 08, 2016

The balance sheet shows accumulations from the companys inception up to present day. The balance sheet is a snap shot of what the company owns and what it owes at a given point in time. The minority interest on the balance sheet is an accumulated total.The income statement records revenues and expenses over a period of one year. Just because you see a minority interest account on the balance sheet in no way implies that the same numbers should show up on the income statement.

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