_____ Which of the following methods does not report any amounts for the noncontrolling interest in the consolidated statements?
A) The parent company concept.
B) The economic unit concept.
C) Proportional consolidation.
D) None of the above.

Question

Quizplus · Accepted Answer

Proportional consolidation does not report any amounts for the noncontrolling interest in the consolidated statements because it only combines a portion of the investee's assets, liabilities, revenues, and expenses proportional to the ownership interest, excluding noncontrolling interests entirely from the consolidation process.

_____ Which of the Following Methods Does Not Report Any