Non-controlling interests are defined is AASB 10 as:
A) that portion of profit or loss and net assets of a subsidiary attributable to equity interests that are not owned directly by the parent.
B) that portion of net assets of a subsidiary attributable to equity interests that are not owned, directly or indirectly through subsidiaries, by the parent.
C) that portion of profit or loss and net assets of a subsidiary attributable to equity interests that are not owned, directly or indirectly through subsidiaries, by the parent.
D) the largest single shareholding, less fifty per cent, not owned, directly or indirectly through subsidiaries, by the parent.

Question

Quizplus · Accepted Answer

Non-controlling interests are defined in AASB 10 as that portion of profit or loss and net assets of a subsidiary attributable to equity interests that are not owned, directly or indirectly through subsidiaries, by the parent. Option A refers only to the net assets, while option B includes indirect ownership by the parent's subsidiaries. Option D is not a valid definition.

Non-Controlling Interests Are Defined Is AASB 10 As