When presenting a consolidated statement of financial position, the non-controlling interest is:
A) not separately disclosed.
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 is presented separately within the equity section of the consolidated statement of financial position. This is done to show the percentage of ownership held in the subsidiary by individuals or entities outside of the controlling company.

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