Minority Shareholders' Interest on the Balance Sheet Represents a Liability

question 18

True/False

Minority shareholders' interest on the balance sheet represents a liability to the company and should always be included in debt when calculating the debt/equity ratio.

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Definitions:

British Columbia

A province located on the west coast of Canada, known for its natural beauty and diverse geography.

Legal Counsel

Professional advice regarding legal matters provided by a qualified individual, such as a lawyer or attorney, usually to ensure compliance with the law or represent in legal matters.

Psychiatric Patients

Individuals diagnosed with mental health disorders who are under the care of healthcare professionals.

Suicidal Behaviour

The act of intentionally causing one's own death or engaging in behavior with the intent to cause one's own death.