Multiple Choice
Where the shareholder's equity of a subsidiary is negative:
A) the NCI will be included as part of the parent interests.
B) the NCI will be shown as a separate amount in the consolidated accounts.
C) the NCI is ignored for consolidation purposes.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Why does AASB 3 allow a choice
Q15: Accounting Standard AASB 3 Business Combinations allows
Q16: Consistent with the entity concept,full consolidation requires
Q17: The parent interest (PI)in equity will be
Q18: Under the entity concept of consolidation,the NCI
Q20: The disclosure of the non-controlling interest proportion
Q21: P Ltd purchased 80% of the issued
Q22: The consolidation technique of NCI allocation is
Q23: The measurement of the NCI allocation will
Q24: The fair value method of measuring NCI