Where Does the Non-Controlling Interest (NCI)appear on the Statement of Financial

question 31

Multiple Choice

Where does the non-controlling interest (NCI) appear on the statement of financial position?

• A)Under the liabilities section.
• B)Between the liabilities and shareholders' equity sections.
• C)Under the shareholders' equity section.
• D)NCI does not appear on the statement of financial position.

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Definitions:

Returns To Scale

The rate at which production output increases as a result of a proportional increase in all input factors.

Marginal Products

The additional output that is produced by employing one more unit of a particular input while holding the quantities of all other inputs constant.

Exponents

Mathematical notations indicating the number of times a base number is multiplied by itself.

Production Function

A mathematical representation that describes the relationship between inputs used in production and the output achieved.