What Is the Method of Presentation Required by SFAS 160

question 10

Multiple Choice

What is the method of presentation required by SFAS 160 of "non-controlling interest" on a consolidated balance sheet?

• A) As a deduction from goodwill from consolidation.
• B) As a separate item within the long-term liabilities section.
• C) As a part of stockholders' equity.
• D) As a separate item between liabilities and stockholders' equity.

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Definitions:

Hardwired Heuristics

Innate or instinctual mental shortcuts that humans use to make decisions or solve problems efficiently.

Dictator Games

A type of economic experiment where one participant (the "dictator") determines how to split an endowment between themselves and another participant, with no repercussions or rewards for their choice.

Ultimatum Games

A game in experimental economics, where a proposer has to decide how to divide a certain amount of money with a responder, who can accept or reject the offer.

Time Inconsistency

The tendency of people to change their plans about future actions due to a preference for immediate gratification over long-term benefits.