When Following the Parent Company Concept in the Preparation of Consolidated

Multiple Choice

When following the parent company concept in the preparation of consolidated financial statements, noncontrolling interest in combined income is considered a(n) :

A) prorated share of the combined income.
B) addition to combined income to arrive at consolidated net income.
C) expense deducted from combined income to arrive at consolidated net income.
D) deduction from current assets in the balance sheet.