Which of the Following Statements Is Incorrect

question 7

Multiple Choice

Which of the following statements is incorrect?

• A) The calculation of the NCI is not affected by profits or losses relating to intra-group transactions.
• B) The NCI is entitled to a share of the group's consolidated equity.
• C) The NCI is a contributor of equity to the consolidated group.
• D) The NCI is entitled to a share of the subsidiary's equity adjusted for the effects of profits or losses made on intra-group transactions.

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Definitions:

Halite

A mineral better known as rock salt, formed by the evaporation of salty water in ancient seas or lakes.

Element F

Fluorine, a highly reactive and electronegative element in the halogen group with the symbol F.

Silicon Tetrahedron

A fundamental structural unit of silicate minerals, consisting of four oxygen atoms surrounding a central silicon atom in a tetrahedral shape.

Silicate Minerals

A group of minerals that contain silicon and oxygen, often with one or more other elements, constituting a major portion of the Earth's crust.