1 .If a parent owns 80% of the subs outstanding stock, the Consolidated Balance Sheet will include an account, Non-controlling Interest in Sub, in the stockholders' equity section

True or False

2. If a parent owns 80% of the sub's outstanding stock, the Consolidated Balance Sheet will include 100% of the parent's assets and liabilities, plus 80% of the sub's assets and liabilities

True or False

3. Determine the allocation of Consolidated NI to the Non Controlling Interest, for problem set 7 & 8.