_____Which of the following statements is false concerning the parent company concept?
A) The NCI in the subsidiary's net income is shown as a deduction in arriving at consolidated net income.
B) The NCI in the subsidiary's net assets is classified outside the consolidated stockholders' equity.
C) Primacy is given to presenting information for the parent's shareholders.
D) All of the above.
E) None of the above.

Question

Quizplus · Accepted Answer

The NCI (Non-Controlling Interest) in the subsidiary's net income is not shown as a deduction in arriving at consolidated net income. Instead, it is shown as a separate component of equity, not as a deduction from income.

_____Which of the Following Statements Is False Concerning the Parent