When presenting a consolidated statement of financial position the non-controlling interest is:
A) presented as a separate component of total assets and total liabilities.
B) presented separately within the non-current liability section.
C) presented separately within the equity section.
D) shown as a separate portion of net assets.

Question

Quizplus · Accepted Answer

The non-controlling interest represents the portion of the subsidiary's equity that is not owned by the parent company, and is therefore presented as a separate component within the equity section of the consolidated statement of financial position.

When Presenting a Consolidated Statement of Financial Position the Non-Controlling