Question #11
Reading: Reading 8 Intercorporate Investments
PDF File: Reading 8 Intercorporate Investments.pdf
Page: 5
Status: Correct
Correct Answer: A
Question
Under which of the following is a minority interest account most likely to appear on the consolidated balance sheet? I. The acquisition method. II. Equity method.
Answer Choices:
A. II only
B. Both I and II
Explanation
Minority interest is included in the parent's company's equity under consolidation method
only.