In relation to the economic entity,the NCI is best described as a/an:
A)asset
B)liability
C)contributor of equity
D)none of the above

Question

Quizplus · Accepted Answer

NCI stands for Non-Controlling Interest, which refers to the ownership interest in a subsidiary company that is not owned by the parent company. Therefore, the NCI is a contributor of equity to the economic entity, as it represents the equity ownership held by external parties in the subsidiary company.

In Relation to the Economic Entity,the NCI Is Best Described