Which of the Following Is Not One of the Stages

question 38

Multiple Choice

Which of the following is not one of the stages used to determine non-controlling interest?

• A) the non-controlling interest in the current period's profit or loss
• B) the non-controlling interest in share capital at the date of acquisition of the subsidiary by the parent entity
• C) the non-controlling interest in the goodwill at acquisition
• D) the non-controlling interest in reserves at the date of acquisition of the subsidiary by the parent entity

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Definitions:

Revenues

Represent the total amount of income generated by the sale of goods or services related to a company's primary operations.

Asset Accounts

Accounts that represent the resources owned by a business, which are expected to provide future benefits.

Accounts Receivable

Financial obligations of clients or customers to a company for received goods or services that have yet to be settled.

Fixed Assets

Fixed assets are long-term tangible assets that a company owns and uses in its operations to generate income, such as buildings, machinery, and equipment.