12. In a consolidated balance sheet of a parent company and its partially owned subsidiary, minority interest
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12. In a consolidated balance sheet of a parent company and its partially owned subsidiary, minority interest in net assets of subsidiary is displayed as a:
a. Liability under the economic unit concept but a part of consolidated stockholders’
equity under the parent company concept.
b. Part of consolidated stockholders’ equity under the economic unit concept but a liability under the parent company concept.
c. Liability under both the economic unit concept and the parent company concept.
d. Part of consolidated stockholders’ equity under both the economic unit concept and the parent company concept.
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