Under ASPE reporting requirements for investments in subsidiaries, how should the NCI at the time of acquisition be valued?
A)At fair value
B)At carrying value
C)At the acquiree's proportionate share of net identifiable assets
D)At fair value or at the acquiree's proportionate share of net identifiable assets

Question

Quizplus · Accepted Answer

ASPE allows the choice between valuing NCI at fair value or at the acquiree's proportionate share of net identifiable assets at the time of acquisition. Both options are acceptable under ASPE. However, once the choice is made, the same method must be consistently used in subsequent financial statements.

Under ASPE Reporting Requirements for Investments in Subsidiaries, How Should