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:

Action Priorities

The ordering of tasks or initiatives by importance and urgency to ensure strategic objectives are met efficiently.

Long Time Frames

Extended periods over which events or activities take place or are projected to occur.

General Managers

Individuals responsible for overseeing the daily operations of a business and making decisions that affect its direction and profitability.

Mintzberg

Henry Mintzberg is a renowned academic and author in the field of business and management, known for his work on organizational structures, strategy, and managerial roles.