When presenting a consolidated statement of financial position the non-controlling interest is:
A) presented separately within the non-current liability section;
B) presented as a separate component of total assets and total liabilities;
C) presented separately within the equity section;
D) shown as a separate portion of net assets.

Question

Quizplus · Accepted Answer

Non-controlling interest represents the portion of equity in a subsidiary that is not owned by the parent company. It is presented separately within the equity section of a consolidated statement of financial position.

When Presenting a Consolidated Statement of Financial Position the Non-Controlling