Response to the following questions:
1. How is an unconsolidated subsidiary presented on a balance sheet?
2. When would noncontrolling interest be presented on a balance sheet?
3. DeLand Company owns 100% of Little Florida, Inc. Will DeLand Company show a noncontrolling interest on its balance sheet? Would the answer change if it owned only 60%? Will there ever be a case in which the subsidiary, Little Florida, is not consolidated?
If possible, please give examples to better understand your response.