Company A owns shares of Company B and Company C. The statements of Company B ar
ID: 462001 • Letter: C
Question
Company A owns shares of Company B and Company C. The statements of Company B are consolidated with those of Company A. The statements of Company C are not consolidated. Company A reports "Minority Interest" on its balance sheet. This account represents:
a.
A's minority share of the stock of B
b.
A's minority share of the stock of C
c.
the minority share by outside owners of the stock of A
d.
the minority share by outside owners of the stock of B
e.
the minority share by outside owners of the stock of C
a.
A's minority share of the stock of B
b.
A's minority share of the stock of C
c.
the minority share by outside owners of the stock of A
d.
the minority share by outside owners of the stock of B
e.
the minority share by outside owners of the stock of C
Explanation / Answer
the minority share by outside owners of the stock of B
the minority share by outside owners of the stock of B
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