The noncurrent liability, Noncontrolling Interest, arises if:
A) A firm owns less than 50% of another entity.
B) A firm owns more than 50%, but less than 100%, of another entity.
C) A firm owns 100% of another entity.
D)Noncontrolling Interest is accounted for as an equity item.

Question

Quizplus · Accepted Answer

The Answer of The noncurrent liability, Noncontrolling Interest, arises if:
A) A firm owns less than 50% of another entity.
B) A firm owns more than 50%, but less than 100%, of another entity.
C) A firm owns 100% of another entity.
D)Noncontrolling Interest is accounted for as an equity item.

The Noncurrent Liability, Noncontrolling Interest, Arises If