4. How is noncontrolling interest percent determined?

a. As the weighted average of noncontrolling interest percentages during the current year

b. As a weighted average of noncontrolling interest percentages during the entire time P has owned stock in S

c. As of the beginning of the current year

d. As of the end of the current year

7. How does the equity method change accounting for changes in ownership interest?

a. P actually records its share of Ss income since the beginning of the year

b. The investment in S account will include all adjustments for Ss income in prior years

c. Ps cost for Ss stock sold can be easily calculated

d. All of these.

9. If S sells stock for more than book value, the noncontrolling interest will

a. Always decrease in percentage and in book value

b. Always increase in percentage and in book value

c. decrease in percentage but increase in book value

d. Have no change