Non-controlling interest (NCI) is presented under the liabilities section of the consolidated balance sheet under the:
A) the fair value enterprise method.
B) the proportionate consolidation method.
C) the parent company method.
D) both the parent company method and the proportionate consolidation method.

Question

Quizplus · Accepted Answer

Non-controlling interest (NCI) is presented in the equity section of the consolidated balance sheet, not under liabilities. It is recognized under the parent company method, where the financial statements of the parent and its subsidiaries are combined line by line, and the NCI is shown as a separate component of equity, reflecting the portion of equity not attributable to the parent company shareholders.

Non-Controlling Interest (NCI) Is Presented Under the Liabilities Section of the Consolidated