Which Statements Are Incorrect with Regards to a Consolidation Worksheet

question 40

Multiple Choice

Which statements are incorrect with regards to a consolidation worksheet in the presence of the non-controlling interest:

• A) there is no NCI share extracted from the assets and liabilities section of the worksheet.
• B) two extra columns are added to the worksheet to divide the consolidated equity into the NCI and parent share.
• C) one extra column is added that includes the NCI share of the individual equity accounts.
• D) one extra column is added that includes the parent share of the individual equity accounts.

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Definitions:

Practice

The repeated exercise or application of an activity or skill to acquire or maintain proficiency in it.

NPV

Net Present Value, a calculation used to determine the current value of a series of future cash flows.

IRR

Stands for Internal Rate of Return, a financial metric used to estimate the profitability of potential investments by calculating the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Negative

A term used to describe values below zero, or situations characterized by absence or lack rather than presence or availability.