Multiple Choice
_____ Which of the following statements is false concerning the economic unit concept?
A) The NCI in the subsidiary's net income is shown as a deduction in arriving at consolidated net income.
B) The NCI in the subsidiary's net assets is classified as part of the consolidated stockholders' equity.
C) The NCI in the subsidiary's net income is shown as a division of the consolidated net income.
D) All of the above.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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