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Unformatted text preview: 3. What is a non-controlling interest? The portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. A noncontrolling interest is sometimes called a minority interest. 4. What does it mean that OCI items should be classified according to their nature? Some items that are required to be reported as other comprehensive income § and items that are not considered components of other comprehensive income §. 5. What is a reclassification adjustment? Adjustments made to avoid double counting in comprehensive income items that are displayed as part of net income for a period that also had been displayed as part of other comprehensive income in that period or earlier periods. ASC 220-10 Comprehensive Income ASC 220-10 Comprehensive Income...
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- Spring '11
- Comprehensive income, Generally Accepted Accounting Principles, nonowner sources.It