The disclosure of non-controlling interests in the (a)comprehensive income statement; and (b)statement of financial position is as follows:
A) (a) profit or loss attributable to non-controlling interest in the notes; (b) non-controlling interest in equity as a separate line item
B) (a) profit or loss attributable to non-controlling interest on the face; (b) non-controlling interest in equity as part of share capital
C) (a) profit or loss attributable to non-controlling interest in the notes; (b) non-controlling interest in equity as part of share capital
D) (a) profit or loss attributable to non-controlling interest on the face; (b) non-controlling interest in equity as a separate line item

Question

Quizplus · Accepted Answer

Non-controlling interests should be disclosed separately in the statement of financial position under equity, and in the comprehensive income statement as a separate line item for profit or loss attributable to non-controlling interests. Therefore, option D is the correct answer. Option B is incorrect as non-controlling interest should be presented as a separate line item in both the statement of financial position and comprehensive income statement. Option A is incorrect as the profit or loss attributable to non-controlling interest should be presented in the comprehensive income statement, not in the notes. Option C is incorrect as non-controlling interest should be presented separately under equity, not as part of share capital.

The Disclosure of Non-Controlling Interests in the (A)comprehensive Income Statement;