The noncontrolling interest represents an outside ownership in a subsidiary that is not attributable to the parent
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The noncontrolling interest represents an outside ownership in a subsidiary that is not attributable to the parent company. Where in the consolidated balance sheet is this outside ownership interest recognized?
a. In the liability section.
b. In a mezzanine section between liabilities and owners’ equity.
c. In the owners’ equity section.
d. The noncontrolling interest is not recognized in the consolidated balance sheet.
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The correct answer is c In the owners equity section Explanation The non...View the full answer
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