Which of the Following Statements Is Correct

question 39

Multiple Choice

Which of the following statements is correct?

• A) The NCI is not entitled to share the group's profit.
• B) Transactions that do not affect profit will not give rise to an adjustment to the NCI.
• C) All intragroup transactions have an impact on the NCI share of equity.
• D) When the parent entity sells inventories to its subsidiary, a consolidation adjustment needs to be recorded to reduce the NCI.

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