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.