Under Parent Company Theory,noncontrolling Interest Is Classified on the Consolidated

question 12

Multiple Choice

Under parent company theory,noncontrolling interest is classified on the consolidated balance sheet as ________.Under entity theory,noncontrolling interest is classified on the consolidated balance sheet as ________.

• A)stockholders' equity; stockholders' equity
• B)stockholders' equity; liability
• C)liability; a liability
• D)liability; stockholders' equity

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Definitions:

Cynicism

A general distrust towards others' motives, believing that people are motivated purely by self-interest.

Artifacts

Symbols of culture in the physical and social work environments.

Organizational Culture

The shared values, beliefs, and practices that shape the behavior and attitudes of members within an organization.

Conscious Assumption

A belief or idea that is accepted as true without proof or empirical evidence, adopted deliberately by an individual.