All of the following statements are true for the entity concept, except for: a. The entity concept
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Question:
All of the following statements are true for the entity concept, except for:
a. The entity concept views the group as one unit.
b. Non-controlling interests are part of equity.
c. The difference between the entity and parent concept only occurs where there is less than 51% ownership of the shares of an entity.
d. Net comprehensive income includes the net income that is attributable to non-controlling interests.
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