The Theoretically Preferred Method of Presenting Noncontrolling Interest on a Consolidated

question 34

Multiple Choice

The theoretically preferred method of presenting noncontrolling interest on a consolidated balance sheet is

• A) As a separate item with the deferred credits section
• B) As a reduction from (contra to) goodwill from consolidation, if any
• C) By means of notes or footnotes to the balance sheet
• D) As a separate item within the stockholders' equity section

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Definitions:

Subsidiary Ledgers

Detailed ledgers that contain information about specific accounts, supporting the amounts reported in the general ledger.