Multiple Choice
The parent interest (PI) in equity will be calculated as follows:
A) consolidated equity less non-controlling interest.
B) parent equity plus PI share of subsidiary equity.
C) parent equity plus non-controlling interest.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: Under full consolidation,only the income,expenses,assets,liabilities and equity
Q13: Which of the following statements is correct?<br>A)
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
Q18: Under the entity concept of consolidation,the NCI
Q19: Where the shareholder's equity of a subsidiary
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