India Consolidated Balance Sheet

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While consolidating, what is the reason for the parent company to show Minority Interest as part of the shareholder's funds? If it's a liability, is it the parent who will settle their liabilities at the time of liquidation?
 
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It's not the controlling investor's liability. It is the ownership share of the non-controlling investor(s). If that entity is liquidated, the controlling inventor will not pay out the non-controlling investor(s). Instead, they will share the residual between themselves.
 

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