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

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