Which of the Following Statements Regarding the Non-Controlling Interest Is

question 60

Multiple Choice

Which of the following statements regarding the non-controlling interest is FALSE?

• A)In a subsidiary that is not wholly owned by the parent, there are two ownership interests, namely the parent and the non-controlling interest (NCI).
• B)The NCI consists of the accumulation of all the interests in the subsidiary other than the parent.
• C)The NCI is classified as a contributor of equity to the group.
• D)The NCI is entitled to a share of the equity, as recorded, of the subsidiary.

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Definitions:

Celtic High Crosses

Stand-alone Christian crosses, typically made of stone and richly decorated with Celtic art, which were common in Ireland and Britain during the early medieval period.

Stone

A hard, solid mineral matter that is used in construction and sculpture for its durability and natural beauty.

Equestrian Statues

Sculptures representing figures, typically historical or heroic, mounted on horseback, symbolizing power and status.

Marcus Aurelius

Roman Emperor from 161 to 180 AD and a Stoic philosopher, known for his work 'Meditations' and his role in the Roman Empire's history.