Does noncontrolling interest represent a liability or an equity in the consolidated balance sheet?
Question:
Does noncontrolling interest represent a liability or an equity in the consolidated balance sheet?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 28% (7 reviews)
Noncontrolling interest NCI also known as minority interest represents an equity position in the con...View the full answer
Answered By
FELIX NYAMBWOGI
I have been tutoring for over 5 years, both in person and online. I have experience tutoring a wide range of subjects, including math, science, English, and history. I have also worked with students of all ages, from elementary school to high school.
In addition, I have received training in effective tutoring strategies and techniques, such as active listening, questioning, and feedback. I am also proficient in using online tutoring platforms, such as Zoom and Google Classroom, to effectively deliver virtual lessons.
Overall, my hands-on experience and proficiency as a tutor has allowed me to effectively support and guide students in achieving their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Advanced Accounting
ISBN: 978-0134472140
13th edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Question Posted:
Students also viewed these Business questions
-
Effect of equity method versus consolidation. Exhibit 13.11 presents a spreadsheet that we use to compare the effects of using the equity method with using consolidated financial statement. The Web...
-
Etsy, Inc., provides a technology platform aimed at allowing sellers to turn their creative passions into economic opportunities. Presented below are excerpts from its December 31, 2018 Form 10-K....
-
1. Consolidation workpaper entries normally: a Are posted to the general ledger accounts of one or more of the affiliates b Are posted to the general ledger accounts only when the financial statement...
-
East Corp is a mature company and expects its sales and operating costs to be fixed (or unchanged) in perpetuity. It has sales of $524,000 and operating costs of $272,480. The firm has a tax rate of...
-
What is the cost-benefit relationship in deciding whether to offer credit to customers, and whether to accept bank credit cards?
-
Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $67,200. Shore Co. paid freight of $1,800 and later...
-
An internal combustion engine has a rotating unbalance of \(1.0 \mathrm{~kg}-\mathrm{m}\) and operates between \(800 \mathrm{rpm}\) and \(2000 \mathrm{rpm}\). When attached directly to the floor, it...
-
This problem continues the Daniels Consulting situation from Problem P8-41 of Chapter 8. Assume Daniels Consulting had purchased a computer, $3,600, and office furniture, $3,000, on December 3 and 4,...
-
What competencies and skills are critical for a successful mediator in high-stakes conflict resolution, and how can these be developed and assessed ?
-
Thompson Corporation is planning to issue $100,000, five-year, 6 percent bonds. Interest is payable semi-annually each June 30 and December 31. All of the bonds will be sold on July 1, 2017; they...
-
Should the consolidated financial statements include the subsidiarys retained earnings at the acquisition date?
-
Describe how the magnitude of the gravitational force between objects was first measured.
-
You cannot use nested If-Then-Else statements to perform the action selected by the user from a menu.
-
A transit bus will cost $500,000 and have annual operating costs of $75,000 for 10 years. After 10 years, the expected salvage value is $50,000. At an interest rate of 4%, what is the equivalent...
-
Public utilities' balance sheets list the plant assets before the current assets. This is acceptable under which accounting principle/guideline? A large company purchases a $250 digital camera and...
-
A state highway inspector needs an estimate of the mean weight of trucks. He selects a random sample of 49 trucks passing the weighing station and finds the mean is 15.8 tons, with a standard...
-
Assume the cost to store 10,000 million BTU of natural gas is $0.05 per month. Using the current spot price, and assuming that interest rates are 1.00% p.a., is the natural gas future priced...
-
The following is the account of cash transactions of the Nari Kalayan Samittee for the year ended December 31, 2006: Receipts Amount Rs Payments Amount Rs Balance from last year 2,270 Rent 6,600...
-
At its current price of $1.10 per share, the price of Apex Resources stock is down 78% from its price one year ago. What was that price?
-
If the joint cost function for two products is C(x, y) = xy2 + 1 dollars (a) Find the marginal cost (function) with respect to x. (b) Find the marginal cost with respect to y.
-
1. When a temporary restriction on resources of a nongovernmental not-for-profit entity is met by the incurrence of an expense for the restricted purpose: a. The expense is reported in the statement...
-
1. Which of the following statements is not required for nongovernmental voluntary health and welfare organizations that issue financial statements in accordance with GAAP? a. Balance sheet b....
-
1. A university that is considered a special-purpose government: a. Is generally required to follow GASB standards b. Is generally required to follow FASB standards c. Should refer to the AICPA Audit...
-
Evaluate the following integrals, using the Cauchy integral formula:
-
How do microservices architectures leverage IPC to facilitate communication between distinct services, and what are the benefits and challenges associated with this approach ?
-
Outline the political conflict in the Harlan Country USA film. Who are the key players on each side of the conflict? What is each side fighting for?
Study smarter with the SolutionInn App