Examlex

Solved

In Reading a Set of Consolidated Financial Statements You Are

question 19

Essay

In reading a set of consolidated financial statements you are surprised to see the term noncontrolling interest not reported under the Stockholders' Equity section of the Balance Sheet.
a.What is a non-controlling interest?
b.Why must it be reported in the financial statements as an element of equity rather than a liability?


Definitions:

Customer Intimacy

A business strategy that focuses on personalization and customer care, creating close relationships with customers to understand and meet their needs in a unique way.

Operational Excellence

refers to the strategic practice of improving efficiency, productivity, and effectiveness in an organization's operations.

Lower Costs

Reducing expenses associated with business operations, production, or services, often to improve profitability.

Related Questions