A Non Controlling Interest Will Appear on the Consolidated Balance

question 52

True/False

A non controlling interest will appear on the consolidated balance sheet when the parent company owns more than 40% but less than 100% of the subsidiary's stock.

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Definitions:

Satisfactory Repair

denotes the condition in which an item or property has been fixed or restored to a state deemed acceptable by a reasonable standard or agreement.

Payable at a Definite Time

Refers to a financial obligation that is due to be paid on a specific date.

Fixed Date

A specific, agreed-upon date by which an event must occur or an action must be taken.

Time Readily Ascertainable

A term referring to a time period that can be easily and quickly determined or identified without significant delay or investigation.