Unrealised intragroup profit in opening inventory of a parent company is:
A) added to subsidiary profit in calculating NCI share of profit.
B) subtracted from subsidiary profit in calculating NCI share of profit.
C) ignored in calculating NCI share of profit.
D) none of the above.
Correct Answer:
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Q19: Accounting Standard AASB 3 Business Combinations allows
Q20: Why does AASB 3 allow a choice
Q21: When an investment in a subsidiary is
Q22: The shareholders of the parent entity in
Q23: A subsidiary's recorded profits and retained earnings
Q25: The effect of all intragroup transactions must
Q26: Under current accounting standards,it is not possible
Q27: Where the shareholder's equity of a subsidiary
Q28: In the calculation of NCI,share of profit
Q29: The non-controlling interest share of a subsidiary's
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