The sequence of acquisition dates in a tiered group is irrelevant to the consolidation process for indirect NCI.

Question

Quizplus · Accepted Answer

The order of acquisition dates for a tiered group does not affect the consolidation process for indirect non-controlling interests (NCI). The consolidation process considers the ownership percentage of the parent company in each subsidiary, regardless of the order in which they were acquired.

The Sequence of Acquisition Dates in a Tiered Group Is