_____ Which of the following statements is false concerning the economic unit 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 as part of the consolidated stockholders' equity.
C) The NCI in the subsidiary's net income is shown as a division of the consolidated net income.
D) All of the above.
E) None of the above.

Question

Quizplus · Accepted Answer

The economic unit concept treats the non-controlling interest (NCI) in the subsidiary's net income not as a deduction but as a portion of the consolidated net income attributable to non-controlling interests. It is shown separately in the consolidated income statement, not deducted from consolidated net income.

_____ Which of the Following Statements Is False Concerning the Economic