1. (True/False) The noncontrolling interest in the income of the subsidiary si shown as an expense in the consolidated income statements.
2. (True/False) The noncontrolling interest in the stock of the subsidiary is shown as a liability on the consolidated financial statements.
3. (True/False) In performing an allocation of the fair value acquired in an acquisition, the goodwill is always allocated proportionally to the controlling and noncontrolling interests.