Under the economic unit concept, noncontrolling interest in net assets is treated as:
A) a liability.
B) an asset.
C) stockholders' equity.
D) an expense.

Question

Quizplus · Accepted Answer

Under the economic unit concept, noncontrolling interest in net assets is treated as part of stockholders' equity. This reflects the ownership interest of minority shareholders in the consolidated entity.

Under the Economic Unit Concept, Noncontrolling Interest in Net Assets