If Nook Inc. reports the account "non-controlling interest" (also referred to as "minority interest") on its balance sheet, what would that indicate? (Assuming there are no unusual circumstances)

Group of answer choices

Nook Inc. is the subsidiary of another larger company.

Nook Inc. has more than 50% but less than 100% ownership in a subsidiary.

Nook Inc. has 100% ownership of another company.

Nook Inc. has less than 50% ownership of another company.