As prescribed in AASB 10,which of the following statements is incorrect with regards to non-controlling interests in subsidiaries?
A) Non-controlling interests are presented in the consolidated statement of financial position within equity, separately from the equity of the owners of the parent.
B) Profit or loss and each component of other comprehensive income are attributed to the owners of the parent and to the non-controlling interests.
C) 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.
D) All of the given statement are correct.

Question

Quizplus · Accepted Answer

All the statements provided are correct according to AASB 10. Non-controlling interests are indeed presented within equity but separate from the equity of the parent's owners, and both profit or loss and other comprehensive income are attributed to both the owners of the parent and the non-controlling interests. Additionally, total comprehensive income is attributed to both parties even if it results in a deficit balance for the non-controlling interests.

As Prescribed in AASB 10,which of the Following Statements Is