Noncontrolling Interest Is Reported in The

question 52

Multiple Choice

Noncontrolling interest is reported in the:

• A)liability section of the consolidated balance sheet.
• B)intangible asset section of the consolidated balance sheet.
• C)long-term investment section of the consolidated balance sheet.
• D)stockholders' equity section of the consolidated balance sheet.

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Definitions:

Justify

To provide valid reasons or evidence to support an argument or action.

Claim

A statement made about something, usually without providing evidence or proof, often requiring verification.

Adjustment

The process of making minor changes to improve or correct a situation or mechanism.

Closing Paragraph

The final section of a text that summarizes the main points or concludes the message, often emphasizing the overall takeaway or action desired.