All of the following statements are true for the entity concept, except for: a. The entity concept

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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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International Accounting

ISBN: 978-0078110955

3rd Edition

Authors: Timothy Doupnik, Hector Perera

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Posted Date: Dec 27, 2023 01:31 AM

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All of the following statements are true for the entity concept, except for: a. The entity concept

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The detailed answer for the above question is provided below The correct answer is c The differ... View the full answer

International Accounting

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