CAF-6 · Chapter 9 · Question 3 of 15
What is 'Non-Controlling Interest' (NCI)?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The equity in a subsidiary not attributable, directly or indirectly, to a parent.
Explanation
NCI represents the portion of the subsidiary owned by shareholders other than the parent company.
More Consolidation (IFRS 10, IFRS 3) MCQs
- Q5If the fair value of net identifiable assets acquired is HIGHER than the sum of consideration and NCI, the difference is recognized as:
- Q6A parent company owns 80% of a subsidiary. During the year, the subsidiary sells goods to the parent for Rs. 100,000 at a 20% markup on…
- Q7When eliminating intra-group dividends, which of the following is correct?
- Q8In the Consolidated Statement of Financial Position, 'Share Capital' should reflect:
- Q9IFRS 3 allows NCI at the date of acquisition to be measured at either Fair Value (Full Goodwill) or: