CAF-6 · Chapter 9 · Question 10 of 15
At the reporting date, NCI in the Statement of Financial Position is calculated as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) NCI at acquisition + NCI's share of post-acquisition retained earnings.
Explanation
The carrying amount of NCI changes over time as the subsidiary earns profits (or incurs losses) after the acquisition.
More Consolidation (IFRS 10, IFRS 3) MCQs
- Q12Consolidated Retained Earnings include 100% of the Parent's retained earnings plus:
- Q13Which of the following is NOT an 'Identifiable' asset for IFRS 3 purposes?
- Q14'Acquisition-related costs' (like legal and accounting fees for the merger) should be:
- Q15In a Consolidated Statement of Profit or Loss, the 'Profit for the year' is:
- Q1According to IFRS 10, an investor 'Controls' an investee if and only if they have: