Income attributable to the noncontrolling interest is treated as an expense.

Name: Income attributable to the noncontrolling interest is treated as an expense.
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Question

Quizplus · Accepted Answer

Income attributable to the noncontrolling interest is treated as a reduction of net income, not an expense. It is recorded on the income statement below the line for net income and deducted to arrive at the portion of net income attributable to the controlling interest. Therefore, it is not an expense.

Income Attributable to the Noncontrolling Interest Is Treated as an Expense