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Grasp the significance of fair value method and proportionate interest method in NCI measurement.
Explore the disclosure requirements for NCI in consolidated financial statements.
Examine how NCI interacts with profits, retained earnings, and interstate group activities.
Understand the calculation of non-controlling interest (NCI) and its components.

Definitions:

Alpha

In statistics, it denotes the significance level used in hypothesis testing, typically set to 0.05 or 5%, representing the probability of rejecting the null hypothesis when it is actually true.

Likelihood

The probability of a particular outcome given a set of parameters within a statistical model.

Binomial Variable

A type of discrete variable that can take one of two independent values, often representing success or failure in an experiment.

Woman

A female human adult.

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