In the Preparation of a Consolidated Statement of Cash Flows

question 2

Multiple Choice

In the preparation of a consolidated statement of cash flows using the indirect method of presenting cash flows from operating activities, the amount of the noncontrolling interest in consolidated income is:

• A) combined with the controlling interest in consolidated net income.
• B) deducted from the controlling interest in consolidated net income.
• C) reported as a significant noncash investing and financing activity in the notes.
• D) reported as a component of cash flows from financing activities.

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Definitions:

Figure Panel

A segment or section of a larger diagram or illustration, often used in scientific publications to display detailed information or results.

Metaphase II

A phase of meiosis II in which the chromosomes align at the equatorial plate of the cell before being separated into two daughter cells.

Sister Chromatids

Identical copies of a chromosome, connected by a centromere, that are produced during DNA replication and are present until they are separated during cell division.

Duplicated Chromosomes

Duplicated chromosomes refer to chromosomes that have been replicated and consist of two identical sister chromatids joined at a centromere.