Within the statement of financial position where should the account non-controlling interest (minority interest) be reported?
A) Non-current assets.
B) Non-current liabilities.
C) Equity.
D) Current liabilities.

Question

Quizplus · Accepted Answer

Non-controlling interest or minority interest is part of the equity section in the statement of financial position since it represents the ownership portion of a subsidiary that is not owned by the parent company.

Within the Statement of Financial Position Where Should the Account