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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