The Consolidated Financial Statements of XYZ Indicate Minority Interest of $10,000.The

question 29

Multiple Choice

The consolidated financial statements of XYZ indicate minority interest of $10,000.The total owners' equity is $50,000.The minority interest value reflects:

• A) The fraction of the other company's equity that is owned by visible minorities
• B) The fraction of the other company's equity that is held by small shareholders
• C) The fraction of the other company's equity that is not owned by XYZ's shareholders
• D) The fraction of the other company's equity that has been authorized but not yet issued

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Definitions:

Civil Law

A legal system that is based on written statutes and codes, as opposed to common law, which is based on judicial decisions and precedent.

Criminal Law

The body of law dealing with actions considered harmful or offensive against the public, society, or the state, subject to punishment such as imprisonment or fines.

Statute

A law that has been formally enacted by a federal or state legislative body.

Civil Action

A legal proceeding initiated by an individual or entity, typically for the resolution of a dispute involving private rights and remedies.