The shareholders equity of a subsidiary company contains preferred and common shares. The parent company owns 100%

Question:

The shareholders’ equity of a subsidiary company contains preferred and common shares. The parent company owns 100% of the subsidiary’s common shares. Will the consolidated show non-controlling interest? Explain.
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...