Boston Company Owns More Than 50 Percent of the Ordinary

Multiple Choice

Boston Company owns more than 50 percent of the ordinary shares of Dynamic Company. Assume Boston net income of $225,000 is allocated as $180,000 to Boston and $45,000 to noncontrolling interest. In Boston's consolidated income statement that includes Dynamic, under IFRS, how will the amount of non-controlling interest be reported?

A) $45,000 will be presented as an item of expense below the net income.
B) $45,000 will be presented as an item of expense above the net income.
C) $45,000 will be presented as an allocation to net income below the net income.
D) $45,000 will not be presented on the face of the income statement.