In a consolidated statement of cash flows using the indirect format, an amount is reported for the noncontrolling interest when the subsidiary is partially owned.

Question

Quizplus · Accepted Answer

In a consolidated statement of cash flows, the noncontrolling interest is considered when adjusting net income to reconcile to net cash provided by operating activities, reflecting the portion of income attributable to minority shareholders.

In a Consolidated Statement of Cash Flows Using the Indirect