Which of the Following Statements Is Incorrect with Regards to a Consolidation

question 13

Multiple Choice

Which of the following statements is incorrect with regards to a consolidation worksheet in the presence of the non-controlling interest?

• A) there is no NCI share extracted from the assets and liabilities section of the worksheet.
• B) one extra column is added that includes the parent share of the individual equity accounts.
• C) two extra columns are added to the worksheet to divide the consolidated equity into the NCI and parent share.
• D) one extra column is added that includes the NCI share of the individual equity accounts.

---

Definitions:

Developmental Niche

The unique physical, social, and cultural settings that shape an individual's development, including parenting practices and environmental influences.

Poverty

A condition where individuals lack sufficient financial resources to meet their basic needs such as food, shelter, and clothing.

Independent Of Adults

The stage or ability of an individual, typically a child or adolescent, to perform tasks, make decisions, and solve problems without reliance on adults.