Changes in equity in the current period that must be identified for the step 3 NCI entry include:
A) profit/(loss) earned, adjusted for the impact of BCVR entries on the current profit.
B) transfers to/from reserves.
C) dividends paid/declared.
D) all the options are correct.

Question

Quizplus · Accepted Answer

All of the options listed must be identified and taken into account for the step 3 NCI entry to ensure accurate calculation of the non-controlling interest's share of equity in the current period. This includes adjusting for the impact of BCVR entries on profit, any transfers to/from reserves, and dividends paid/declared.

Changes in Equity in the Current Period That Must Be