Which of the following is not one of the 3 steps in calculating the NCI's share of the recorded equity of the subsidiary?
A) Determine NCI share of the changes in equity in the current period.
B) Determine the NCI share of equity of the subsidiary at acquisition date.
C) Determine the NCI share of the subsidiary's equity between the date of acquisition and the beginning of the current period.
D) Determine the NCI share of the subsidiary's equity prior to the date of acquisition.

Question

Quizplus · Accepted Answer

The three steps in calculating the NCI's share of the recorded equity of the subsidiary are:
1) Determine NCI share of the changes in equity in the current period.
2) Determine the NCI share of equity of the subsidiary at acquisition date.
3) Determine the NCI share of the subsidiary's equity between the date of acquisition and the beginning of the current period. 
D is not one of the three steps, as it refers to determining the NCI share of the subsidiary's equity prior to the date of acquisition.

Which of the Following Is Not One of the 3