AASB 10 Consolidated and Separate Financial Statements prescribes that non-controlling interests be presented in the consolidated statement of financial position as a liability.

Question

Quizplus · Accepted Answer

AASB 10 requires non-controlling interests to be presented in the equity section of the consolidated statement of financial position, not as a liability.

AASB 10 Consolidated and Separate Financial Statements Prescribes That Non-Controlling