Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following is not a correct statement

Which of the following is not a correct statement about noncontrolling interest? a. Noncontrolling interest...

70.2K

Verified Solution

Question

Accounting

Which of the following is not a correct statement about noncontrolling interest?

a. Noncontrolling interest is reported as a component of stockholders equity on the balance sheet.

b. Noncontrolling interest represents their claim to their proportionate share of the net assets and net income of the subsidiary in which they own stock.

c. Noncontrolling interest is a residual claim, like that of any other shareholder.

d. Noncontrolling interests are entitled to preference in dividends and payouts in liquidation.

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Suppose that a student collects the following spectrophotometric data to determine the relative concentrations of HMR...

Biology
1.2K views

Before sitting down you ate a bunch of sugar cookies and drank a soda (not diet!)....

Civil Engineering
1.2K views

Compute |A|, the determinant of A (note: rounding errors during computation may cause Matlab to return...

Advance Math
1.2K views

Given a matrix A = [?1 ? ? 0 ?2 ? 0 0 ?2], with ?1 ?...

General Management
1.2K views

Explain what companies should do to make employees contribute towards the strategic management process in the...

Physics
1.2K views

In an EM wave the electric and magnetic fields are pe True False Question 4...

Basic Math
1.2K views

An accountant needs to withhold 23% of income for taxes if the income is below...

Algebra
1.2K views

What are the x intercept s of the function f x Ox 9 Ox 0...

Accounting
1.2K views

A company has inventory of 15 units at a cost of $12 each on August...

Accounting
1.2K views

A company manufactures skateboards. Compute the total amount of product costs from the following costs,...

Accounting
1.2K views

Presented are the separate-entity and consolidated balances for Delicate Delights Corporation (DDC) and its subsidiary,...

Accounting
1.2K views

In 2020, Lou, age 35 and single, deducted $5,325 on his federal income tax return...