Disclosure of the non-controlling interest's share of consolidated equity is required in which of the following financial statements?
A) all of these financial statements.
B) consolidated statement of changes in equity.
C) consolidated statement of financial position.
D) consolidated statement of comprehensive income.

Question

Quizplus · Accepted Answer

Non-controlling interest's share of consolidated equity must be disclosed in all of these financial statements: the consolidated statement of changes in equity, the consolidated statement of financial position, and the consolidated statement of comprehensive income, as it provides a comprehensive view of the equity attributable to owners of the parent and to non-controlling interests.

Disclosure of the Non-Controlling Interest's Share of Consolidated Equity Is