Question
Company A owns shares of Company B and Company C. The statements of Company B are consolidated with those of Company A. The statements of
Company A owns shares of Company B and Company C. The statements of Company B are consolidated with those of Company A. The statements of Company C are not consolidated. Company A reports "Noncontrolling Interest" on its balance sheet. This account represents:
| A) | A's noncontrolling share of the stock of B. | |
| B) | A's noncontrolling share of the stock of C. | |
| C) | the noncontrolling share by outside owners of the stock of A. | |
| D) | the noncontrolling share by outside owners of the stock of B. | |
| E) | the noncontrolling share by outside owners of the stock of C. |
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Accounting For Beginners
Authors: Neel Gaines
1st Edition
1801120897, 978-1801120890
