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The noncurrent liability, nonvoterolling interest in subsidiaries, arises if:

a) A firm owns more than 50%, but less than 100%, of another entity.

b) Noncontrolling interest in subsidiaries is accounted for as an equity item.

c) A firm owns less than 50% of another entity.

d) A firm owns 100% of another firm.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M941477

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