Within the Statement of Financial Position Where Should the Account

question 51

Multiple Choice

Within the statement of financial position where should the account non-controlling interest (minority interest) be reported?

• A) Non-current assets.
• B) Non-current liabilities.
• C) Equity.
• D) Current liabilities.

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Definitions:

Saving

The portion of income not spent on current consumption but set aside for future use, often in forms like deposits in savings accounts or investments.

Exports

Goods or services produced in one country and sold to buyers in another, constituting a critical component of international trade.

Bond

A certificate of indebtedness

U.S. Company

A business or corporation that is registered and operates within the United States, abiding by its laws and regulations.