Solved

Where Does the Noncontrolling Interest in Stage's Net Income Appear

Question 93

Multiple Choice

Where does the noncontrolling interest in Stage's net income appear on a consolidated statement of cash flows?


A) $30,000 added to net income as an operating activity on the consolidated statement of cash flows.
B) $30,000 deducted from net income as an operating activity on the consolidated statement of cash flows.
C) $30,000 increase as an investing activity on the consolidated statement of cash flows.
D) $30,000 decrease as an investing activity on the consolidated statement of cash flows.
E) Noncontrolling interest in Stage's net income does not appear on a consolidated statement of cash flows.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions