Where does the non-controlling interest (NCI)appear on the statement of financial position?
A)Under the liabilities section.
B)Between the liabilities and shareholders' equity sections.
C)Under the shareholders' equity section.
D)NCI does not appear on the statement of financial position.

Question

Quizplus · Accepted Answer

Non-controlling interest (NCI) appears under the shareholders' equity section of the statement of financial position because it represents the equity ownership in a subsidiary not attributable to the parent company.

Where Does the Non-Controlling Interest (NCI)appear on the Statement of Financial