Under the economic unit concept, the interest of the noncontrolling shareholders is considered to be an equity interest of the consolidated reporting entity.

Question

Quizplus · Accepted Answer

The economic unit concept treats the interest of the noncontrolling shareholders as an equity interest in the consolidated entity, reflecting the view that all shareholders, regardless of their controlling interest, are part of the same economic entity.

Under the Economic Unit Concept, the Interest of the Noncontrolling