The Parent Company Concept of Consolidated Financial Statements Considers the Noncontroling

question 21

Multiple Choice

The parent company concept of consolidated financial statements considers the noncontroling interest in net assets of a subsidiary to be:

• A) A liability
• B) A part of consolidated stockholders' equity
• C) An item between liabilities and stockholders' equity
• D) Some other classification

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Definitions:

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A component in programming languages that loads classes or resources into memory for execution or use.

.Class File

A file format that contains compiled Java source code, ready to be executed by the Java Virtual Machine.

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Denotes the class literal in Java, used to obtain the representation of an instance's class.

Bytecode

A form of instructions that is processed by a virtual machine rather than directly executed by the hardware of a computer.