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All of the following statements are true for the entity concept, except for: a. Net comprehensive income includes the net income that is attributable to
All of the following statements are true for the entity concept, except for:
a.
Net comprehensive income includes the net income that is attributable to non-controlling interests.
b.
Non-controlling interests are part of equity.
c.
The difference between the entity and parent concept only occurs where there is less than 51% ownership of the shares of an entity.
d.
The entity concept views the group as one unit.
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