FAR $2024$

TESTLET $-19$

QID$-1722701$

$00$:$07$

EXAM TIME REMAINING

SUSPEND

TESTLETSUBMIT

TESTLET

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$9$

$10$

$11$

$12$

$4$

X Company acquired $80\%$ of the stock of Y Company and is preparing consolidated financial statements.$$ It has measured the noncontrolling interest representing the $20\%$ of Y that X does not own.$$ How is the noncontrolling interest disclosed in X$\text{'}$s financial statements?

$$A$.$

As a note to the financial statements.

$$B$.$

As a contra account to the investment.

$$C$.$

As a noncurrent liability.

$$D$.$

As a component of stockholders' equity.

$$

$$Feedback