Question
Under the economic entity approach (current GAAP in 2019), the noncontrolling interest (NCI) is considered to be a(n) a) liability of the parent company. b)
Under the economic entity approach (current GAAP in 2019), the noncontrolling interest (NCI) is considered to be a(n) a) liability of the parent company. b) liability of the consolidated entity. c) asset of the consolidated entity. d) type of equity.
A
B
C
D
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Montgomery Auditing Continuing Professional Education
Authors: Patrick J. McDonnell, Barry N. Winograd, James S. Gerson, Henry R. Jaenicke, Vincent M. O'Reilly
12th Edition
0471346055, 978-0471346050
