The FASB ASC paragraph 810-10-45-16 states: The noncontrolling interest shall be reported in the consolidated statement of financial position within equity, separately from the parents equity. That amount shall be clearly identified and labeled, for example, as noncontrolling interest in subsidiaries.

However, prior to issuing this current reporting requirement, the FASB considered several alternative display formats for the noncontrolling interest. Access the precodification standard, SFAS 160, Noncontrolling Interest in Consolidated Financial Statements, at www.fasb.org to answer the following:

1) What alternative financial statement display formats did the FASB consider for the noncontrolling interest?

2) What criteria did the FASB use to evaluate the desirability of each alternative?

3) In what specific ways did FASB Concept Statement 6 affect the FASBs evaluation of these alternatives?

Develop Your Skills ACCOUNTING THBORY RESEARCH CASE The FASB ASC paragraph 810-10-45-16 states e noncontrolling interest aball be reported in the consolidated statement o inar a position it in equity, separately rom the perent's equity That amount shall be clearly ideti ed 8t labeled, for example, as noncoatrolling interest in subsidiaries." However, pr or to i"uana this current report n8 rcquarement, c FASB coandered several ternative dup av ormata or the nonco tro na nterest. Access thc precodzication standard. SFAS Id "Non contro lina Interest 1n onso dated Financial Statements," at www.fasb.org to amswer the following: 1. What altemative finencial statement diaplay formats did the FASB consider for the noncontrolling interest? 2. What critcria did thc FASB c to evaluate the desirability of cach alternative? 3. In what apecific ways did FASB Concepr Stanemenratfect the FASB's evalaation of these alternatives