Because it is necessary to distinguish between the parents share and the NCI share of equity in the consolidated financial statements, extra columns are added in the consolidation worksheet to divide the group equity into the NCI share and the parent's share.

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Quizplus · Accepted Answer

This statement is true, as it is indeed necessary to differentiate between the equity attributable to the parent company and the equity attributable to the NCI in consolidated financial statements. To do this, additional columns are added to the consolidation worksheet to separate the parent's share and the NCI share of equity.

Because It Is Necessary to Distinguish Between the Parents Share