Minority Interest Is Reported as A(n)

question 57

Multiple Choice

Minority interest is reported as a(n)

• A) current liability on the consolidated balance sheet.
• B) asset on the consolidated balance sheet.
• C) revenue item on the consolidated income statement.
• D) separate item between liabilities and stockholders' equity on the consolidated balance sheet.

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Definitions:

Appearance

The way in which something or someone looks, which might include aspects of layout, design, or physical presentation.

Timeliness

Timeliness refers to responding or occurring at a suitable or opportune time, ensuring relevance and effectiveness.

Word Choice

The selection of words in speaking or writing, which greatly affects the effectiveness and clarity of the communication.

Potential Questions

Refers to inquiries that could be asked or considered, often in anticipation of a discussion, interview, meeting, or research.