When preparing and presenting a consolidated statement of comprehensive income the NCI is:
A) presented as a separate component of revenue
B) shown as a separate component of profit before tax and a separate component of tax expense
C) shown as a separate component of each line item
D) presented as a separate portion of profit or loss.

Question

Quizplus · Accepted Answer

NCI is typically presented as a separate portion of profit or loss on the face of the consolidated statement of comprehensive income. This is because NCI represents the portion of a subsidiary's profit or loss that is not attributable to the parent company. It is commonly presented as a separate line item after the line item for profit or loss attributable to the parent company.

When Preparing and Presenting a Consolidated Statement of Comprehensive Income