The Noncontrolling Interest Line Item on the Income Statement Represents

question 29

True/False

The noncontrolling interest line item on the income statement represents the income attributable to the portion of a subsidiary owned by others.

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Definitions:

Ethnic Group

A group of people or population united by shared cultural heritage or ancestry.

Racial Group

A category of people who share distinctive physical traits and are considered a single group by society.

SES Group

Socioeconomic status group, categorizing individuals or families based on income, education, and job status.

Socioeconomic Status

A measure of an individual's or family’s social standing or class, determined by a combination of income, education, and occupation.