Exam 26: Consolidation: Non-Controlling Interest

Xin Limited paid $12 000 for 75% of Yan Limited. At the date of acquisition Yan Limited had equity as follows: $\blacktriangleright$ Share capital of $10 000 $\blacktriangleright$ Retained earnings of $5000 $\blacktriangleright$ Other reserves of $3000 All of Yan Limited's assets and liabilities were recorded at fair value. The fair value of identifiable net assets acquired by Xin Limited amounted to:

In a consolidated statement of financial position, the non-controlling interest is shown:

When preparing and presenting a consolidated statement of comprehensive income the non-controlling interest is:

When preparing a consolidated statement of changes in equity, IFRS 10 Consolidated Financial Statements, requires that any non-controlling interest in equity of subsidiaries is:

During the current year a partly owned subsidiary has made a transfer from retained earnings to a general reserve. Which of the following lines would appear in the NCI journal relating to the current year transfer?