When Calculating the Direct Non-Controlling Interest Share of Equity, Consolidation

question 9

Multiple Choice

When calculating the direct non-controlling interest share of equity, consolidation adjustments are needed to:

• A) remove unrealised profits or losses from intragroup transactions.
• B) recognise profits made on intragroup services.
• C) eliminate intragroup advances.
• D) partially eliminate profits on intragroup services.

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Definitions:

Work-simulation

An assessment or training method that imitates a real job environment and tasks, used to evaluate performance or prepare individuals for specific job roles.

Apprenticeship

A system of training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study.

External Recruiting

The process of seeking new employees from outside the organization through advertisements, job fairs, or other public postings.

Ripple Effect

The continuing and spreading results of an event or action, affecting areas or people not directly involved in the initial event.