Multiple Choice
Non-Controlling Interest is presented under the Liabilities section of the Consolidated Balance Sheet using the:
A) the Entity Theory.
B) the Proprietary Theory.
C) the Parent Company Theory.
D) both the Parent Company Theory and the Proprietary Theory.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: A business combination involves a contingent consideration.
Q12: Under the Proprietary theory, Non-Controlling Interest is:<br>A)
Q13: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2504/.jpg" alt=" The
Q14: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2504/.jpg" alt=" On
Q16: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2504/.jpg" alt=" The
Q18: One weakness associated with the Entity Theory
Q20: When a contingent consideration arising from a
Q20: Keen and Lax Inc had the following
Q43: What value should be recorded as the
Q47: When a contingent consideration arising from a