Under the Proprietary Concept of Consolidation,minority Interests Are Shown as a Liability

question 5

True/False

Under the proprietary concept of consolidation,minority interests are shown as a liability:

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Definitions:

Comprehensive Income

A measure of all changes in equity of a company during a period from transactions and other events from non-owner sources. It includes all revenues and gains, expenses and losses.

Finance Costs

Expenses associated with borrowing money, including interest payments, bank charges, and other related costs.