Under the basic rule, the NCI share of a partly owned subsidiary's profit is always the profit at reporting date multiplied by the NCI's fraction of ownership.

Question

Quizplus · Accepted Answer

The NCI share of a partly owned subsidiary's profit can also include adjustments for fair value increments and goodwill recognized only by the parent, which are not simply based on the profit at the reporting date multiplied by the NCI's fraction of ownership.

Under the Basic Rule, the NCI Share of a Partly