How is the non-controlling interest (NCI) in the subsidiary’s profit or loss presented in the consolidated statement of profit or loss? a. Any of these as a matter of accounting policy choice. b. The consolidated profit or loss pertains to the parent only, the NCI in profit is presented separately. c. Not presented but disclosed either as a footnote or in the notes. The consolidated profit or loss pertains to the parent only. d. As part of the group’s profit or loss. The group’s profit or loss is then attributed to both the owners of the parent and NCI.
How is the non-controlling interest (NCI) in the subsidiary’s profit or loss presented in the consolidated statement of profit or loss? a. Any of these as a matter of accounting policy choice. b. The consolidated profit or loss pertains to the parent only, the NCI in profit is presented separately. c. Not presented but disclosed either as a footnote or in the notes. The consolidated profit or loss pertains to the parent only. d. As part of the group’s profit or loss. The group’s profit or loss is then attributed to both the owners of the parent and NCI.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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How is the non-controlling interest (NCI) in the subsidiary’s profit or loss presented in the consolidated statement of profit or loss?
a. Any of these as a matter of accounting policy choice.
b. The consolidated profit or loss pertains to the parent only, the NCI in profit is presented separately.
c. Not presented but disclosed either as a footnote or in the notes. The consolidated profit or loss pertains to the parent only.
d. As part of the group’s profit or loss. The group’s profit or loss is then attributed to both the owners of the parent and NCI.
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