Multiple Choice
In the calculation of NCI share of profit consolidation adjusting entries which do not change group profit will be:
A) adjusted if they affect the subsidiary's reported profit
B) adjusted if the affect the parent entity's reported profit
C) not adjusted
D) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q2: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1434/.jpg" alt=" -Using the fair
Q3: Consistent with the entity concept,full consolidation requires
Q4: Under current accounting standards,it is not possible
Q6: Which of the following statements is correct?<br>A)
Q8: The shareholders of the parent entity in
Q9: The shareholders' interest in a subsidiary that
Q12: Under full consolidation,only the income,expenses,assets,liabilities and equity
Q12: Where the shareholder's equity of a subsidiary
Q22: The consolidation technique of NCI allocation is
Q29: Where the full goodwill on acquisition is