A noncontrolling (minority) interest arises when:
A) a parent company excludes the subsidiary company from the consolidated financial statements.
B) a parent company owns less than 100% of the stock of a subsidiary.
C) a subsidiary company is not included in the consolidated financial statements.
D) a subsidiary company represents less than 20% of the value of the consolidated company.
Correct Answer:
Verified
Q125: A consolidated income statement will show:
A)only the
Q136: If a U.S. company sells merchandise to
Q137: When rates of return are high in
Q138: A year-end elimination entry is required to
Q139: If a company acquires a 40% common
Q140: The consolidated financial statements carry the name
Q142: A consolidated balance sheet shows:
A) combined long-term
Q143: The purchase of a held-to-maturity investment would
Q145: On the statement of cash flows, the
Q146: When a parent-subsidiary relationship exists, the consolidated
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents