14. Consolidation of noncontrolling interest Assume a parent company owns less than 100% of a...
80.2K
Verified Solution
Link Copied!
Question
Accounting
14. Consolidation of noncontrolling interest Assume a parent company owns less than 100% of a long-controlled subsidiary. Which of the following statements is false? a. Balance sheet presentation of noncontrolling interest is necessary because consolidated balances always reflect 100% of the net assets of the subsidiary. Noncontrolling interest represents the portion of the subsidiary's net assets that is not owned by the parent. b. C. d. Goodwill is always assigned to the controlling and noncontrolling interests in the relative proportion of their ownership interests. Noncontrolling interest is classified as an owners' equity account.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.