4. Noncontrolling interest, as it appears in a consolidated balance sheet, refers to: a Owners of less

Question:

4. Noncontrolling interest, as it appears in a consolidated balance sheet, refers to:

a Owners of less than 50 percent of the parent company’s stock b Parent’s interest in subsidiary companies c Interest expense on subsidiary’s bonds payable d Equity in the subsidiary’s net assets held by stockholders other than the parent

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Advanced Accounting

ISBN: 9781292214597

13th Global Edition

Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith

Question Posted: