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  3. Study Set
    Intermediate Accounting IFRS Study Set 1
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    Exam 4: Income Statement and Related Information
  5. Question
    If a Company Prepares a Consolidated Income Statement, IFRS Requires
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If a Company Prepares a Consolidated Income Statement, IFRS Requires

Question 1

Question 1

Multiple Choice

If a company prepares a consolidated income statement, IFRS requires that net income be reported for


A) the majority interest only.
B) the minority interest only.
C) both the majority interest and the minority interest.
D) as a single amount only.

Correct Answer:

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