Which of the Following Information Relating to the NCI Is

question 37

Multiple Choice

Which of the following information relating to the NCI is not required to be disclosed in accordance with the AASB 12 Disclosure of Interests in Other Entities?

• A) The proportion of ownership interests held by NCI.
• B) The profit or loss allocated to NCI of the subsidiary during the reporting period.
• C) The total number of shares owned by the NCI.
• D) The name of the subsidiary.

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Definitions:

Straight-Line Method

A method of amortizing a bond discount or premium that provides for equal amounts of discount (or premium) to be written off to interest expense each period.

Useful Life

The estimated period of time over which an asset is expected to be usable by the entity, used for the purposes of depreciation or amortization.

Total Income Yield

refers to the percentage of income an investment generates, considering both dividend or interest payments and capital gains.

Cash Payback Period

The duration required for an investment to generate cash flows sufficient to recover the initial investment cost.