Question 1

Earnings per share (choose one)

A. are shown on the income statement only for the controlling interest.

B. are shown on the income statement only for the noncontrolling interest.

C. are shown on the income statement for both the controlling and noncontrolling interests.

D. are not shown on the income statement.

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Question 2

The noncontrolling interest in the equity of a subsidiary (choose one)

A. appears on the consolidated balance sheet as an aggregate component of consolidated equity.

B. appears on the consolidated balance sheet as a separate component of consolidated equity.

C. appears on the consolidated balance sheet within the subsidiary investment account.

D. does not appear on the consolidated balance sheet.

Please explain. Thanks.