Non-controlling interest represents the portion of equity in a subsidiary that is not owned by the parent company. Even though the parent controls the subsidiary, not all profits and net assets belong to it if outside shareholders also hold an interest. This amount is shown separately in consolidated financial statements.
Notes Receivable
Notes receivable are written promises from another party to pay a specified amount to the business at a future date, often with interest. They...
Notes Payable
Notes payable are written promises by a business to repay a specified amount at a future date, often with interest. They may arise from...
Normal Balance
Normal balance refers to the side, debit or credit, on which an account typically increases. For example, assets and expenses usually have a debit...
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