Total comprehensive income is attributed to the owners of the parent and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance.

Question

Quizplus · Accepted Answer

Total comprehensive income is recognized and attributed to both the owners of the parent and the non-controlling interests regardless of whether it results in a deficit balance for the non-controlling interests. This is in accordance with the principle of equity, which requires that each shareholder receives their fair share of the company's profits and losses. Therefore, the statement is true.

Total Comprehensive Income Is Attributed to the Owners of the Parent