Discuss the differences that would arise in the consolidated financial statements if the non-controlling interests were classified

Question:

Discuss the differences that would arise in the consolidated if the non-controlling interests were classified as debt rather than equity, and the reasons the standard setters have chosen the equity classification in IFRS 10.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...