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:

Transaction Recording

The process of documenting financial transactions in appropriate accounting records, ensuring accurate financial reporting.

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Assets such as computers, desks, and chairs used in an office setting, which are subject to depreciation over time.

Insurance Policy

A contract between an insurer and an insured, detailing the terms and conditions under which the insurer agrees to compensate the insured for specific losses.