When Calculating the Direct Non-Controlling Interest Share of Equity, Consolidation

question 17

Multiple Choice

When calculating the direct non-controlling interest share of equity, consolidation adjustments are needed to:

• A) eliminate any realised profits or losses from inventory transfers.
• B) partially eliminate any unrealised profits from inventory transfers.
• C) recognise any unrealised profits or losses from intragroup service transfers.
• D) fully eliminate any unrealised profits or losses from intragroup transactions.

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