C-PO-7517 Exam Questions and Answers

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NEW QUESTION: 1
What is the method of presenting a noncontrolling interest in a consolidated balance sheet?
A. As a separate item within the deferred credits section.
B. As a deduction from contra to goodwill from consolidation if any.
C. As a separate item within the equity section.
D. By means of notes to the balance sheet.
Answer: C
Explanation:
A noncontrolling is classified as an equity account and separated from the equity of majority shareholders within that section.


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