Under the parent company concept, the NCI in the subsidiary's net income is presented as a deduction in arriving at consolidated net income.

Name: Under the parent company concept, the NCI in the subsidiary's net income is presented as a deduction in arriving at consolidated net income.
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Question

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Under the parent company concept, the non-controlling interest (NCI) in the subsidiary's net income is deducted from the consolidated net income to reflect the portion of income attributable to minority shareholders.

Under the Parent Company Concept, the NCI in the Subsidiary's