The noncontrolling interest represents an outside ownership in a subsidiary that is not attributable to the parent

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The noncontrolling interest represents an outside ownership in a subsidiary that is not attributable to the parent company. Where in the consolidated balance sheet is this outside ownership interest recognized?

a. In the liability section.

b. In a mezzanine section between liabilities and owners’ equity.

c. In the owners’ equity section.

d. The noncontrolling interest is not recognized in the consolidated balance sheet.

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Fundamentals Of Advanced Accounting

ISBN: 9781260575927

8th Edition

Authors: Joe Ben Hoyle

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Question Posted: Mar 29, 2021 06:54 AM

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The noncontrolling interest represents an outside ownership in a subsidiary that is not attributable to the parent

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The correct answer is c In the owners equity section Explanation The non...View the full answer

Fundamentals Of Advanced Accounting

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