Under IAS 27, Where Does the Non-Controlling Interest (NCI)appear on the Statement

question 35

Multiple Choice

Under IAS 27, where does the non-controlling interest (NCI) appear on the statement of financial position?

• A)Under the liabilities section
• B)Under the shareholders' equity section
• C)Between the liabilities and shareholders' equity sections
• D)NCI does not appear on the statement of financial position.

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Definitions:

Contributed Capital

Also known as paid-in capital, it represents the total value of all assets contributed to a company by its shareholders in exchange for shares of stock.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders but not retired, held as an asset on the balance sheet.

Premium

The amount by which the price of a financial instrument or asset exceeds its par or face value; also refers to the cost paid for an insurance policy.

Owners' Equity

The residual interest in the assets of a business after deducting liabilities, representing the ownership stake.