accounting questions related to non-controlling interest: 1. What is non-controlling interest (NCI) in accounting and financial reporting? 2. How is non-controlling interest presented in a consolidated financial statement? 3. What is the difference between non-controlling interest and controlling interest? 4. How is non-controlling interest calculated in the equity section of the balance sheet? 5. What are some reasons for the existence of non-controlling interest in a consolidated entity? 6. How does the acquisition of non-controlling interest affect the financial statements of the parent company? 7. Are dividends paid to non-controlling interest partners reflected in the consolidated financial statements? 8. How are profits and losses allocated between the controlling and non-controlling interests? 9. Explain the concept of goodwill and its impact on non-controlling interest. 10. What accounting standards or guidelines govern the recognition and measurement of non-controlling interest? 11. In what situations would non-controlling interest be considered a liability rather than equity?