A Non-Controlling Interest Is Entitled to a Share of Which

question 41

Multiple Choice

A non-controlling interest is entitled to a share of which of the following items?
I. Equity of the group entity at acquisition date.
II. Equity of the subsidiary at acquisition date.
III. Current period profit or loss of the subsidiary entity.
IV. Changes in equity of the subsidiary since acquisition date and the beginning of the current financial period.

• A) III only.
• B) I, II and III.
• C) I and II only.
• D) II, III and IV only.

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Definitions:

Reciprocal Services Method

An approach used in cost accounting to allocate costs between departments that provide services to each other.

Support Department Costs

Expenses related to departments that do not directly generate revenue but provide essential services to revenue-generating departments.

Total Cafeteria Costs

The aggregate expenses associated with operating a cafeteria within a business, including food supplies, labor, and utilities.

Market Value

The current price at which an asset or service can be bought or sold in a marketplace, influenced by supply and demand.