How are non controlling intrerests (NCI) affected by intragroup transactions?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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How are non controlling intrerests (NCI) affected by intragroup transactions?

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Non-controlling interests are the ownership is defined where the shareholder holds less than 50% of the shares of a Company. The shareholders do not have any control in taking decisions. They are measured at the net assets value. It is recorded in the equity in the statement of affairs of the Company.

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