Multiple Choice
Which of the following statements is 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) one extra column is added that includes the parent share of the individual equity accounts.
C) two extra columns are added to the worksheet to divide the consolidated equity into the NCI and parent share.
D) one extra column is added that includes the NCI share of the individual equity accounts.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Kenny Ltd holds a 60% interest in
Q9: The step 1 NCI entry to reflect
Q10: Ownership interests in a subsidiary entity that
Q11: Ryan Ltd holds a 75% interest in
Q12: Which of the following is not a
Q14: Angus Limited owns 80% of the share
Q15: North Limited acquired 80% of the shares
Q16: During the current year, a partly-owned subsidiary
Q17: Maddie Ltd holds 80% interest in Emily
Q18: The following information is required to be