What is the basic premise of the acquisition method regarding accounting for a noncontrolling interest?...
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Accounting
What is the basic premise of the acquisition method regarding accounting for a noncontrolling interest?
Select one:
a. Consolidated financial statements should not report a noncontrolling interest balance because these outside owners do not hold stock in the parent company
b. Consolidated financial statements should be produced only if the parent and the subsidiary are in the same industry
c. A subsidiary is an indivisible part of a business combination and should be included in its entirety regardless of the degree of ownership
d. Consolidated financial statements should be for the primary benefit for the parent's stockholders
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