Minority Interest Appears on the Balance Sheet of Some Companies

question 23

Multiple Choice

Minority interest appears on the balance sheet of some companies. Minority interest:

• A)is classified as a liability.
• B)is classified as an equity.
• C)arises when a company records investments using the equity method.
• D)arises when a company owns controlling interest in another company, but less than 100%.

---

Definitions:

Social Learning Theory

A theory that posits people learn from one another through observation, imitation, and modeling, emphasizing the importance of social behavior.

Social Scripts

Learned guides for how to behave in certain social situations, based on cultural norms and personal experiences.

Refractory Periods

Periods immediately after an action during which a neuron or muscle is incapable of repeating that action.

Assertive

The quality of being self-assured and confident without being aggressive, in expressing one's rights, desires, or opinions.