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Under which of the following is a minority interest account most likely to appear on the consolidated balance sheet?

  1. The acquisition method.
  2. Proportionate consolidation.

A)
I only.
B)
II only.
C)
Both I and II.


Proportionate consolidation is similar to a business acquisition, except the investor only reports the proportionate share of the assets, liabilities, revenues, and expenses of the joint venture. Since only the proportionate share is reported, no minority owners’ interest is necessary.

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上一主题:Reading 24: Employee Compensation: Post-Employment and Share-
下一主题:Reading 23: Reading 21: Intercorporate Investments-LOS b 习题精选