When preparing and presenting a consolidated statement of comprehensive income the non-controlling interest is:
A)presented as a separate component of revenue
B)shown as a separate component of profit before tax and a separate component of tax expense
C)shown as a separate component of each line item
D)presented as a separate portion of profit or loss attributable to the non-controlling interest.

Question

Quizplus · Accepted Answer

The non-controlling interest is presented as a separate portion of profit or loss attributable to the non-controlling interest in the consolidated statement of comprehensive income. This is to distinguish the portion of profit or loss that belongs to the parent company and the portion that belongs to the non-controlling interest.

When Preparing and Presenting a Consolidated Statement of Comprehensive Income