"Noncontrolling Interest

question 38

Multiple Choice

"Noncontrolling interest":

• A)is a component of the parent company's net income and reported on the income statement.
• B)is a component of stockholders' equity attributable to the parent company and reported on the balance sheet.
• C)is the portion of equity in a subsidiary not attributable, directly or indirectly, to the parent company, and reported on the balance sheet within equity, but separate from the parent company's equity.
• D)is not reported within the parent company's consolidated financial statements, but instead reported within the minority stockholders' financial statements.