Answered: Under the conceptual framework for…

Under the conceptual framework for international financial reporting a non-controlling interest fits the definition of: a liability. an equity item. an asset.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 10Q: Why is the effective-interest method of amortization required under the International Financial...

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Question

Under the conceptual framework for international financial reporting a non-controlling interest fits the definition of:

a liability.
an equity item.
an asset.

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