Question

Within the equity section of the balance sheet, any non-controlling or minority interests would be best...


Within the equity section of the balance sheet, any non-controlling or minority interests would be best described as:

Question 9 options:

minority shareholders in subsidiaries that have been consolidated.

minority shareholders that have significant influence but less than 50 percent control.

minority interests the company has in joint ventures.
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer : Option B

Within the equity section of the balance sheet, any non-controlling or minority interests would be best described as minority shareholders that have significant influence but less than 50 percent control, because non-controlling interest also known as minority interest, is an ownership position whereby a shareholder owns less than 50% of outstanding shares and has no control over decisions.Therefore option B would be the correct answer.

Thanks...

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Within the equity section of the balance sheet, any non-controlling or minority interest would be best...
Within the equity section of the balance sheet, any non-controlling or minority interest would be best described as: a) minority interests the company has in joint ventures b) minority shareholders in subsidiaries that have been consolidated c) minority shareholders that have significant influence but less than 50 percent control
Accounting for Shareholders’ Equity Transactions The shareholders’ equity section of the consolidated balance sheet of Perry...
Accounting for Shareholders’ Equity Transactions The shareholders’ equity section of the consolidated balance sheet of Perry Corporation appeared as follows at the beginning of the year. Common stock, $1.00 par value $ 100,000 Additional paid-in-capital 1,200,000 Convertible preferred stock, no par value 800,000 Retained deficit (600,000) Treasury stock (250,000) Sharholders' equity $1,250,000 The following transactions occurred during the year: 1. Generated net income of $80,000. 2. Paid cash dividends of $220,000. 3. Issued a ten percent common stock dividend; the...
1. Current ratio is measured by Current assets / Current liabilities. Assume current ratio is greater...
1. Current ratio is measured by Current assets / Current liabilities. Assume current ratio is greater than 100% (or 1:1) and that cash balance remains positive at all times. State the effect the following event occurring on the reporting date would have on this ratio. EVENT: Receipts from unearned revenue 2. A company reports Non-controlling interests within the equity section of its consolidated statement of financial position. Which of the following statements is correct? Group of answer choices a. No...
Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Refer...
Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. Two hundred fifty thousand shares of common stock are authorized, and 15,100 shares have been reacquired. Common Stock, $50 par $10,650,000 Paid-In Capital from Sale of Treasury Stock 320,000 Paid-In Capital in Excess of Par—Common Stock 3,190,000 Retained Earnings 19,200,000 Treasury Stock 981,500 Using...
Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet using...
Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet using Method 1 of Exhibit 8 . Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Two hundred fifty thousand shares of common stock are authorized, and 18,500 shares have been reacquired. Common Stock, $50 par $9,600,000...
included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section:...
included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section: Jacobi Company Balance Sheet (Shareholders' Equity) December 31, 2015 1 Contributed Capital: 2 Preferred stock, 6%, $100 par $200,000.00 3 Additional paid-in capital on preferred stock 12,000.00 $212,000.00 4 Common stock, $5 par $150,000.00 5 Additional paid-in capital on common stock 240,000.00 390,000.00 6 Total contributed capital $602,000.00 7 Retained earnings 627,000.00 8 Accumulated other comprehensive income (loss): 9 Unrealized decrease in value of...
Included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section:...
Included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section: Jacobi Company Balance Sheet (Shareholders' Equity) December 31, 2015 1 Contributed Capital: 2 Preferred stock, 6%, $100 par $200,000.00 3 Additional paid-in capital on preferred stock 12,000.00 $212,000.00 4 Common stock, $5 par $150,000.00 5 Additional paid-in capital on common stock 240,000.00 390,000.00 6 Total contributed capital $602,000.00 7 Retained earnings 627,000.00 8 Accumulated other comprehensive income (loss): 9 Unrealized decrease in value of...
This experiential exercise involves creating a pro forma Balance Sheet and a pro forma Income Statement...
This experiential exercise involves creating a pro forma Balance Sheet and a pro forma Income Statement for XYZ Company. Assume the current year is 2015. To assist you in this endeavor, an Excel worksheet containing XYZ’s 2014 Income Statement and Balance Sheet has been provided. Develop the two pro forma financial statements for 2015 based upon the following assumptions:      The company plans to increase sales by an additional 2 percent in 2015 due to minor price increases. In addition, the...
Real World Case 3-7 (Static) Balance sheet and significant accounting policies disclosure; Walmart [LO3-2, 3-3, 3-4,...
Real World Case 3-7 (Static) Balance sheet and significant accounting policies disclosure; Walmart [LO3-2, 3-3, 3-4, 3-8] The balance sheet and disclosure of significant accounting policies taken from the 2017 annual report of Walmart Stores Inc. appear below. Use this information to answer the following questions: WAL-MART STORES, INC. Consolidated Balance Sheets ($ in millions except per share data) As of January 31, 2017 2016 Assets Current assets: Cash and cash equivalents $ 6,867 $ 8,705 Receivables (net) 5,835 5,624...
Question 1: (25 marks) On 1 July 2015, I Ltd. acquired a 30% interest in one...
Question 1: On 1 July 2015, I Ltd. acquired a 30% interest in one of its suppliers, G Ltd., at a cost of 13,650. The directors of I Ltd. believe they exert 'significant influence' over G Ltd. The equity of G Ltd. at acquisition was: Share capital (20000 shares) $20,000 Retained earnings $10,000 All the identifiable assets and liabilities of G Ltd. at 1 July 2015 were recorded at fair value except for some depreciable non-current assets with a fair...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT