Where Does the Noncontrolling Interest in Stage's Net Income Appear

question 93

Multiple Choice

Where does the noncontrolling interest in Stage's net income appear on a consolidated statement of cash flows?

• A) $30,000 added to net income as an operating activity on the consolidated statement of cash flows.
• B) $30,000 deducted from net income as an operating activity on the consolidated statement of cash flows.
• C) $30,000 increase as an investing activity on the consolidated statement of cash flows.
• D) $30,000 decrease as an investing activity on the consolidated statement of cash flows.
• E) Noncontrolling interest in Stage's net income does not appear on a consolidated statement of cash flows.

---

Definitions:

Ledger

A comprehensive collection of a company's accounts that records all transactions and is used to prepare financial statements.