Disclosure of NCI's share of consolidated equity is required in the following financial statements:
A) consolidated statement of financial position.
B) consolidated statement of comprehensive income.
C) consolidated statement of changes in equity.
D) all the options are correct.

Question

Quizplus · Accepted Answer

Disclosure of NCI's share of consolidated equity is required in all of the financial statements mentioned. In the consolidated statement of financial position, NCI's share of equity will be reflected as a separate line item under equity. In the consolidated statement of comprehensive income, NCI's share of profit or loss for the period will be disclosed. And in the consolidated statement of changes in equity, the change in NCI's share of equity will also be presented.

Disclosure of NCI's Share of Consolidated Equity Is Required in the Following