The parent company concept of consolidated financial statements considers the noncontroling interest in net assets of a subsidiary to be:
A) A liability
B) A part of consolidated stockholders' equity
C) An item between liabilities and stockholders' equity
D) Some other classification

Question

Quizplus · Accepted Answer

The Answer of The parent company concept of consolidated financial statements considers the noncontroling interest in net assets of a subsidiary to be:
A) A liability
B) A part of consolidated stockholders' equity
C) An item between liabilities and stockholders' equity
D) Some other classification

The Parent Company Concept of Consolidated Financial Statements Considers the Noncontroling