Under the proportionate consolidation method the non-controlling interest (NCI) is:
A) presented as a liability in the consolidated balance sheet.
B) presented as a separate component of shareholders' equity on the consolidated balance sheet.
C) not acknowledged at all.
D) presented as a component of retained earnings on the consolidated balance sheet.
Correct Answer:
Verified
Q7: Which consolidation method should be used in
Q8: Which of the following is a TRUE
Q9: Parent Inc. and Sub Inc. had
Q10: Parent Inc. and Sub Inc. had
Q11: Parent Inc. and Sub Inc. had
Q13: Parent Inc. and Sub Inc. had
Q14: On the date of acquisition, consolidated retained
Q15: When the parent forms a new subsidiary:
A)
Q16: A negative acquisition differential:
A) is always equal
Q17: Which of the following statements pertaining to
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