How Is the Portion of Net Income of the Subsidiary

question 25

Multiple Choice

How is the portion of net income of the subsidiary company that does not accrue to the parent company reported?

• A)As a non-controlling interest expense on the subsidiary's income statement.
• B)As a non-controlling interest loss on the parent's income statement.
• C)As a non-controlling interest expense on the parent's income statement.
• D)It is not reported anywhere

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Definitions:

Crimes

Acts or omissions that violate laws prescribing the ways individuals ought to behave, typically punishable by the state.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

White-Collar Criminals

Individuals who commit non-violent crimes, usually in commercial situations, for financial gain through deceit or fraud.

Federal Laws

Laws created by the federal government of a country, applicable nationwide and overriding state laws where conflict exists.