Which statements are true regarding Noncontrolling Interest $($NCI$)$ under SFAS $141$R$?$

I. NCI is measured at fair value on the acquisition date.

II$.$ NCI is reported as a liability on the consolidated balance sheet.

III. NCI$$s share of subsidiary income is included in consolidated net income.

Question $4$ options:

$1)$

I only

$2)$

II only

$3)$

I and III only

$4)$

II and III only

$5)$

I, II$,$ and III