According to AASB 10 Consolidated Financial Statements, the term 'non-controlling interest' means:
A) equity in a subsidiary not attributable, directly or indirectly, to a parent.
B) the total equity of the combined group.
C) the equity in the parent entity other than the portion owned by the subsidiary entity.
D) the equity in the economic entity other than that which can be attributed to the subsidiary entity.

Question

Quizplus · Accepted Answer

According to AASB 10, non-controlling interest refers to the equity in a subsidiary that is not directly or indirectly attributable to a parent. Thus, Option A is the correct answer. Option B and C are incorrect as they do not define non-controlling interest. Option D is also incorrect as it does not mention anything about subsidiaries.

According to AASB 10 Consolidated Financial Statements, the Term 'Non-Controlling