Under IAS 27, where does the non-controlling interest (NCI)appear on the statement of financial position?
A)Under the liabilities section
B)Under the shareholders' equity section
C)Between the liabilities and shareholders' equity sections
D)NCI does not appear on the statement of financial position.

Question

Quizplus · Accepted Answer

According to IAS 27, the non-controlling interest (NCI) should be presented as a separate component of shareholders' equity on the statement of financial position between the equity attributable to the parent company's shareholders and the total equity. Therefore, option B is correct.

Under IAS 27, Where Does the Non-Controlling Interest (NCI)appear on the Statement