Which of the following statements is correct?
A)adjustments to a share of profits of the subsidiary for intragroup services transactions are necessary when calculating the NCI
B)intragroup items that involve only the statement of comprehensive income,such as interest revenue and expense or management fees income and expense,will never directly involve an outside party
C)any unrealised profits or losses in the subsidiary's accounts,as a result of intragroup transactions,are considered to be profits/losses from a group perspective
D)intragroup items that involve only the statement of comprehensive income,such as interest revenue and expense or management fees income and expense,will always eventually involve an outside party

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is correct?
A)adjustments to a share of profits of the subsidiary for intragroup services transactions are necessary when calculating the NCI
B)intragroup items that involve only the statement of comprehensive income,such as interest revenue and expense or management fees income and expense,will never directly involve an outside party
C)any unrealised profits or losses in the subsidiary's accounts,as a result of intragroup transactions,are considered to be profits/losses from a group perspective
D)intragroup items that involve only the statement of comprehensive income,such as interest revenue and expense or management fees income and expense,will always eventually involve an outside party

Which of the Following Statements Is Correct