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Smart owns 80% of Simple. Where is the 20% noncontrolling interest in Simple reported on...

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Question

Accounting

Smart owns 80% of Simple. Where is the 20% noncontrolling interest in Simple reported on the balance sheet under the acquisition method?

Multiple Choice

  • between liabilities and stockholders equity

  • in stockholders equity

  • in liabilities

  • in assets

Answer & Explanation Solved by verified expert
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