Solved

Which Statements Are Incorrect with Regards to a Consolidation Worksheet

Question 2

Multiple Choice

Which statements are incorrect with regards to a consolidation worksheet in the presence of the non-controlling interest:


A) there is no NCI share extracted from the assets and liabilities section of the worksheet.
B) two extra columns are added to the worksheet to divide the consolidated equity into the NCI and parent share.
C) one extra column is added that includes the NCI share of the individual equity accounts.
D) one extra column is added that includes the parent share of the individual equity accounts.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents