When Preparing a Consolidated Statement of Changes in Equity, IFRS

question 8

Multiple Choice

When preparing a consolidated statement of changes in equity, IFRS 10 requires that any NCI in equity of subsidiaries is:

• A) shown as a one-line item
• B) disclosed in the statement of financial position, and not in the statement of changes in equity
• C) shown as a share of total ending equity of the subsidiary only
• D) shown on a line-by-line basis.

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Definitions:

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Adults in Town

The population segment within a town or city that comprises individuals who are legally recognized as adults.

Margin of Error

The range within which the true value is expected to lie, with a certain degree of confidence, based on the sample data.

Sample Size

The number of subjects or units included in a study or analysis, which can affect the accuracy and reliability of statistical conclusions.