_____ The amount to be reported for the NCI in the net assets of a created subsidiary would be the lowest amount under which of the following methods?
A) The parent company concept.
B) The economic unit concept.
C) Proportional consolidation.
D) None of the above.

Question

Quizplus · Accepted Answer

The amount reported for the Non-Controlling Interest (NCI) in the net assets of a created subsidiary does not depend on the method (parent company concept, economic unit concept, or proportional consolidation) because these methods primarily affect the consolidation process and presentation in the financial statements rather than the valuation of NCI itself.

_____ the Amount to Be Reported for the NCI in the Net