When Preparing and Presenting a Consolidated Statement of Comprehensive Income

question 17

Multiple Choice

When preparing and presenting a consolidated statement of comprehensive income the non-controlling interest is:

• A)presented as a separate component of revenue
• B)shown as a separate component of profit before tax and a separate component of tax expense
• C)shown as a separate component of each line item
• D)presented as a separate portion of profit or loss attributable to the non-controlling interest.

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Definitions:

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms, policies, or social expectations.

Chameleon Effect

The unconscious mimicry of the postures, mannerisms, facial expressions, and other behaviors of one's interaction partners, enhancing social connection.

Social Loafing

A phenomenon in group settings where individuals reduce their effort because they believe others will pick up the slack.

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members, especially after group discussions.