The Theoretically Preferred Method of Presenting Noncontrolling Interest on a Consolidated

question 34

Multiple Choice

The theoretically preferred method of presenting noncontrolling interest on a consolidated balance sheet is

• A) As a separate item with the deferred credits section
• B) As a reduction from (contra to) goodwill from consolidation, if any
• C) By means of notes or footnotes to the balance sheet
• D) As a separate item within the stockholders' equity section

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Definitions:

Isabella of Castile

Queen of Castile from 1474 and, through marriage to Ferdinand II of Aragon, a queen of Aragon, which led to the unification of Spain under their grandson, Charles V.

Ferdinand of Aragon

Was a monarch of the late 15th and early 16th centuries, who, along with his wife Isabella of Castile, is famous for the completion of the Reconquista and the funding of Christopher Columbus's 1492 voyage.

United

Refers to entities or individuals joined together towards a common goal or forming a single entity.

Medieval Weapon

Weapons used during the Middle Ages in Europe, including swords, bows, spears, and various types of siege engines.