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As we know, total ownership is not a requirement for consolidation. A parent need only gain control of another company to create a business combination.

As we know, total ownership is not a requirement for consolidation. A parent need only gain control of another company to create a business combination. If less than 100% of a subsidiary's voting stock is obtained, how is the presence of the other owners reflected in consolidated financial statements? What accounting is appropriate for a noncontrolling interest? How are these figures computed, and where are they reported on the consolidated statements?

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