When preparing and presenting a consolidated statement of profit or loss and other comprehensive income the...
When preparing and presenting a consolidated statement of profit or loss and other comprehensive income the non-controlling interests’ (NCI) share of profit is presented as:
a. a combined profit after tax together with the parent’s ones
b. a combined profit before tax together with the parent’s ones
c. a separate component of income
d. a separate portion of profit or loss attributable to the non-controlling interest
Homework Answers
Answer is d)
The non controlling interest share of profit is shown as separate portion of profit or loss attributable to the non- controlling interest. It is not combined with the parent one and shown. It is also not separate component of income. The minority interest is separate and it is shown in the stockholders’ equity as minority interest. Hence answer is d)
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