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:

Corporate Governance

The framework consisting of policies, practices, and procedures used to guide and manage a company, aiming to balance the needs of all its stakeholders.

CSR Strategies

Corporate Social Responsibility strategies involve plans and actions undertaken by a company to manage its impacts on society, the economy, and the environment in a responsible manner.

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Duties or obligations that individuals or organizations are expected to fulfill or carry out in their roles.

Proactive

Taking initiative by acting in advance of future situations rather than just reacting, to bring about positive change.