AASB 101 Presentation of Financial Statements requires a separate line item on the face of the statement of financial position showing the non-controlling interest in equity.
Correct Answer:
Verified
Q3: Non-controlling interests arise when:
A) The parent entity
Q4: Non-controlling interests are 'identified' and eliminated as
Q5: In preparing consolidated financial statements non-controlling interests
Q6: Finger Ltd purchased 75 per cent
Q7: Parties who are not part of the
Q9: When a subsidiary company that has a
Q10: Non-controlling interests are shown as equity,that is,as
Q11: Only dividends payable to the parent entity
Q12: On 1 July 2015 Harry Ltd
Q13: Total comprehensive income is attributed to the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents