AASB 10 Consolidated Financial Statements classifies non-controlling interest as:
A) a liability of the group.
B) part of the equity of the group.
C) a liability of the parent entity.
D) a liability.

Question

Quizplus · Accepted Answer

AASB 10 classifies non-controlling interest as part of the equity of the group, as it represents the portion of a subsidiary's equity that is not attributable to the parent company.

AASB 10 Consolidated Financial Statements Classifies Non-Controlling Interest As