In a consolidated statement of financial position,the non-controlling interest is shown:
A)separately within the non-current liabilities
B)separately within the non-current investments
C)separately within the equity section
D)as part of the total current liabilities of the group.

Question

Quizplus · Accepted Answer

Non-controlling interest represents the portion of equity in a subsidiary not attributable to the parent company, hence it should be shown separately within the equity section of a consolidated statement of financial position.

In a Consolidated Statement of Financial Position,the Non-Controlling Interest Is