A NCI is entitled to a share of:
I Equity of the parent at acquisition date
II Current period profit or loss of the subsidiary entity
III Changes in equity of the subsidiary since acquisition date and the beginning of the financial period
IV Equity of the subsidiary at acquisition date
A) I, II and III
B) I and II only
C) II, III and IV only
D) III only.

Question

A NCI is entitled to a share of:
 I Equity of the parent at acquisition date
II Current period profit or loss of the subsidiary entity
III Changes in equity of the subsidiary since acquisition date and the beginning of the financial period
IV Equity of the subsidiary at acquisition date
A) I, II and III
B) I and II only
C) II, III and IV only
D) III only.

Quizplus · Accepted Answer

NCI (Non-Controlling Interest) is entitled to a share of the current period profit or loss of the subsidiary entity (II), changes in equity of the subsidiary since acquisition date and the beginning of the financial period (III), and the equity of the subsidiary at acquisition date (IV). NCI does not have a claim on the equity of the parent at the acquisition date (I).

A NCI Is Entitled to a Share Of