In the preparation of consolidated financial statements,the measurement of a non-controlling interest in the shareholders' equity of a subsidiary at the reporting date may be affected by:
A) management fees charged to the subsidiary by the parent entity.
B) unrealised profits arising from sales of inventories in the previous period by the subsidiary to another subsidiary in the same group.
C) consolidation adjustments made against the retained earnings of the subsidiary at the end of the previous period.
D) none of the above.
Correct Answer:
Verified
Q1: The shareholders' interest in a subsidiary that
Q3: Where the full goodwill on acquisition is
Q4: Company A owns 40% of Company B
Q5: In preparing a consolidated financial report,the parent
Q6: The consolidation technique of NCI allocation is
Q7: If A owns 80% of B and
Q8: The measurement of the NCI allocation will
Q9: Which of the following statements is correct?
A)
Q10: Under full consolidation,only the income,expenses,assets,liabilities and equity
Q11: Under the entity concept of consolidation,the NCI
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents