Noncontrolling Interest Sections of the Work Paper
Not what you're looking for?
What sections of the work paper are included for noncontrolling interest? Why is the existence of noncontrolling interest significant when preparing consolidated financial statements? What are some advantages and disadvantages of the economic unit, parent organization, and proportionate consolidation concepts?
Purchase this Solution
Solution Summary
The response outlines what makes a noncontrolling interest, why their existence is significant and their advantages and disadvantages in 173 words.
Solution Preview
The section of the work paper which includes portion for the noncontrolling interest is the column labelled non controlling interest. Specifically an entry is made for the noncontolling interest's share on net income, beginning retained earnings, and other equity accounts, dividends, and ...
Purchase this Solution
Free BrainMass Quizzes
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.
Writing Business Plans
This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
Lean your Process
This quiz will help you understand the basic concepts of Lean.
Balance Sheet
The Fundamental Classified Balance Sheet. What to know to make it easy.