Non-controlling interest at date of acquisition must be measured using:
A) the fair value method.
B) the proportionate interest goodwill method.
C) either A or B.
D) none of the above.

Question

Quizplus · Accepted Answer

Non-controlling interest at date of acquisition can be measured using either the fair value method or the proportionate interest goodwill method, as per the guidance provided by the International Financial Reporting Standards (IFRS). Therefore, option C which states that it can be measured using either A or B is the correct answer. Option D is incorrect as non-controlling interest must be measured and recognized in the financial statements. Option A is incorrect as fair value method is not the only option available for measuring non-controlling interest. Option B is incorrect as proportionate interest goodwill method is an alternative method to fair value method and not the only method.

Non-Controlling Interest at Date of Acquisition Must Be Measured Using