The Noncurrent Liability, Noncontrolling Interest, Arises If

question 10

Multiple Choice

The noncurrent liability, Noncontrolling Interest, arises if:

• A) A firm owns less than 50% of another entity.
• B) A firm owns more than 50%, but less than 100%, of another entity.
• C) A firm owns 100% of another entity.
• D)Noncontrolling Interest is accounted for as an equity item.

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Definitions:

Institutional Discrimination

Patterns of unequal treatment based on group membership that are built into the social, economic, and political institutions of a society.

Los Angeles

A major city located in southern California, USA, known for its entertainment industry, cultural diversity, and significant economic and demographic influence.

Rodney King

A figure central to the 1991 police brutality case in Los Angeles, whose violent arrest led to widespread riots and discussions about race and policing in the United States.

Ethnic Group

A community or population made up of people who share a common cultural background or descent.