In the consolidated financial statements of a parent and its 90%-owned subsidiary. Revenues and expenses are reported at the separate amounts attributable to the parent and the noncontrolling interest. Consolidated net income or loss is the amount attributable to the parent. Consolidated equity is the amount attributable to the parent. Comprehensive income or loss attributable to the parent and the noncontrolling interest is reported at separate amounts.

Option Comprehensive income or loss attributable to the parent and the noncontrolling interest is reported at separate amounts.

Explanation:

Consolidated financial statements are generally prepared when one entity has a majority voting interest in another company.

In whichever presentation of consolidated comprehensive profits or loss is chosen, the non controlling interest’s adjusted percentage of the subsidiary’s comprehensive earnings or loss is subtracted from the consolidated quantity to determine the amount on account of the parent. Thus, three quantities are displayed on the face of the consolidated statements: first a total, then non controlling interest’s percentage, and third the parent company's percentage.