Question: reply to these 2 comments, and recieve thumbs up ^^ student 1 Under the economic unit concept, the noncontrolling interest is most likely presented on
reply to these 2 comments, and recieve thumbs up ^^
student 1
Under the economic unit concept, the noncontrolling interest is most likely presented on the consolidated balance sheet in the stockholder's equity section. The accounting emphasis is placed on the consolidated totals of the financial statements resulting from the business combination.
student 2
According to FAS 160, under the economic unit concept, non-controlling interest most likely shown on the consolidated balance sheet, within the Stockholders Equity section. The accounting emphasis in preparing consolidated financial statements is placed on the business combination being formed.
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