Most companies report non-controlling interest on a consolidated balance sheet:
A) as an item between liabilities and shareholders' equity
B) as a current asset
C) as an intangible asset
D) Non-controlling interest is eliminated and does not appear on a consolidated balance sheet.
Correct Answer:
Verified
Q134: Elimination journal entries created during the process
Q135: Table 16-6
The following are transactions in
Q136: Berenstein Corporation used the equity method
Q137: Eastwood Ltd.purchased 325,000 of Spielberg Corporation common
Q138: Goodwill is shown on the balance sheet
Q140: If a parent company and its 100%
Q141: Amortization of a discount on a bond
Q142: Parent Corporation paid $100,000 to acquire
Q143: Parent Corporation paid $105,000 to acquire
Q144: Table 16-4
Parson Products Inc. purchased $186,000, 10%,
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