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.

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Definitions:

Professional Revenue Model

A framework that outlines how a business intends to generate income through its professional services or offerings.

Time

A continuous, irreversible sequence in which events occur from the past, through the present, into the future.

Materials Contract

is an agreement specifying the terms regarding the supply and purchase of materials needed for a particular service or operation.

Subscription Revenue Model

Charging customers to gain continuous access to a product or service.