The Calculation of the NCI on the Consolidated SFP Starts

question 35

Multiple Choice

The calculation of the NCI on the consolidated SFP starts with the NCI's share of the subsidiary's net assets at the SFP date. Which of the following is not an adjustment that should be made in calculating the ending NCI balance?

• A)Unamortized acquisitional fair value adjustments
• B)Unrealized profit from upstream sales of capital assets
• C)Unrealized profit from upstream sales of inventory
• D)Unrealized profit from downstream sales of inventory

Identify the conditions under which a promise of employment may be legally enforced.

Understand the concept of a firm offer and its significance in contract law.

Understand the role of self-assessment in personal and professional development.

Recognize and apply strategies for effective goal-setting.

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Definitions:

Synchronous Condenser

A term used to describe a synchronous motor that is used to provide power factor correction.

Synchronous Speed

The speed at which the magnetic field in an AC machine rotates, typically in motors or generators, determined by the machine's electrical frequency and the number of magnetic poles.

Rotor Speed

The rotational speed of the rotor in a motor or generator, typically measured in revolutions per minute (RPM).

Percent Slip

In an induction motor, the difference between the synchronous speed and the actual rotor speed, expressed as a percentage of the synchronous speed.