Which of the following best describes non controlling interest?

(A) A noncontrolling interest describes a corporation that is managed by nonshareholders

(B) A noncontrolling interest represents the claims of nonmajority shareholders in the assets and earnings of a company whose accounts are consolidated into the accounts of the major shareholder.

(C) A noncontrolling interest is in the subsidiary company not the parent company and is reported in the consolidated financial statement

(D) Both B and C are correct