What Is the Dollar Amount of Noncontrolling Interest That Should

question 111

Multiple Choice

What is the dollar amount of noncontrolling interest that should appear in a consolidated balance sheet prepared at the date of acquisition?

• A) $350,000.
• B) $300,000.
• C) $400,000.
• D) $370,000.
• E) $0.

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Definitions:

Products

In a chemical reaction, substances that are formed as a result of the reaction.

Primary Mycelium

A mycelium in which the cells are monokaryotic and haploid; a mycelium that grows from either an ascospore or a basidiospore. Compare with secondary mycelium.

Basidiomycetes

A class of fungi characterized by producing spores on club-shaped structures called basidia, including mushrooms, toadstools, and puffballs.

Dikaryotic

Describing a fungal cell or mycelium with two genetically distinct nuclei per cell, typically found in the life cycle of fungi.