The calculation of the NCI is necessary both for the Statement of Changes in Equity and for the Statement of Financial Position.

Question

Quizplus · Accepted Answer

The non-controlling interest (NCI) represents the portion of a subsidiary's equity that is not owned by the parent company. The calculation of NCI is necessary for both the Statement of Changes in Equity, where it is shown as a separate component of equity, and for the Statement of Financial Position, where it is reported as a separate line item under equity. Therefore, statement A is true.

The Calculation of the NCI Is Necessary Both for the Statement