As Prescribed in AASB 127,which of the Following Statements Is

question 9

Multiple Choice

As prescribed in AASB 127,which of the following statements is incorrect in regards to non-controlling interests in subsidiaries?

• A) Non-controlling interests are presented in the consolidated statement of financial position within equity, separately from the equity of the owners of the parent.
• B) Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling interests.
• C) Total comprehensive income is attributed to the owners of the parent and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.
• D) Non-controlling interests is classified as equity because non-controlling interests does not meet the definition of a liability in the AASB Framework.
• E) None of the given answers.