Examlex
Which of the following correctly identifies how certain transactions are recorded (as a debit or credit) in the general fund?
Consolidation Worksheet
A tool used in the preparation of consolidated financial statements to combine the financial information of a parent company and its subsidiaries.
Non-controlling Interest
The portion of equity interest in a subsidiary not held by the parent company.
Equity Accounts
Accounts that represent the owner's interest in the assets of a company, after deducting liabilities, commonly consisting of stock and retained earnings.
Non-controlling Interests
A minority stake in a company held by investors who do not have a controlling interest or majority of the voting rights.
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