In the Calculation of NCI Share of Profit Consolidation Adjusting

question 7

Multiple Choice

In the calculation of NCI share of profit consolidation adjusting entries which do not change group profit will be:

• A) adjusted if they affect the subsidiary's reported profit
• B) adjusted if the affect the parent entity's reported profit
• C) not adjusted
• D) none of the above

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Definitions:

Human Relationships

The connections and interactions between individuals, influencing social structures and personal experiences.

Intuitive Thinking

A cognitive process that involves making decisions or solving problems based on feelings, instincts, or perceptions without the use of rational processes.

Flexible

The ability to adapt or be adapted to changes, challenges, or varying needs with ease.

Spontaneous

Occurring naturally or without premeditation; impulsive and unrestrained.