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Which of the following statement is correct regarding the Non - controlling Interest ( NCI ) account? Question 1 0 Select one: a . NCI
Which of the following statement is correct regarding the Noncontrolling Interest NCI account? Question Select one: a NCI represents the of subsidiary that was owned by the parent. b NCI is reported as a noncurrent liability on the consolidated financial position. c Parent can use fair value enterprise FVE or Identifiable Net Asset INA method to account the NCI. d Parent will use cost method to account NCI balance.
Which of the following statement is correct regarding the Noncontrolling Interest NCI account?
Question Select one:
a
NCI represents the of subsidiary that was owned by the parent.
b
NCI is reported as a noncurrent liability on the consolidated financial position.
c
Parent can use fair value enterprise FVE or Identifiable Net Asset INA method to account the NCI.
d
Parent will use cost method to account NCI balance.
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