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Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
Edition 10ISBN: 978-1260575910Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
Edition 10ISBN: 978-1260575910 Exercise 10
The noncontrolling interest represents an outside ownership in a subsidiary that is not attributable to the parent company.Where in the consolidated balance sheet is this outside ownership interest recognized a.In the liability section.
B)In a mezzanine section between liabilities and owners' equity.
C)In the owners' equity section.
D)The noncontrolling interest is not recognized in the consolidated balance sheet.
B)In a mezzanine section between liabilities and owners' equity.
C)In the owners' equity section.
D)The noncontrolling interest is not recognized in the consolidated balance sheet.
Explanation
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Non-controlling inte...
Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
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