Asked by Priyani Patel on Apr 24, 2024
Verified
The shareholders of the parent entity in a group are entitled to:
A) total profits of all group members.
B) parent entity interest in consolidated group profit.
C) non-controlling interest in consolidated group profit.
D) none of the above.
Shareholders
Individuals or entities that own shares in a company, giving them ownership stakes and certain rights regarding its operation.
Parent Entity
A company that holds a controlling interest in another company or subsidiary, having significant influence over its operations and financial decisions.
Total Profits
signifies the entire sum of earnings or profits generated by a business before deducting any expenses.
- Comprehend the notion of non-controlling interest (NCI) and its depiction in consolidated financial statements.
- Examine how NCI interacts with profits, retained earnings, and interstate group activities.
Verified Answer
Learning Objectives
- Comprehend the notion of non-controlling interest (NCI) and its depiction in consolidated financial statements.
- Examine how NCI interacts with profits, retained earnings, and interstate group activities.
Related questions
Company a Owns 40% of Company B and This Ownership ...
The Disclosure of the Non-Controlling Interest Proportion of Each Equity ...
The Consolidation Technique of NCI Allocation Is Based on the ...
The Measurement of the NCI Allocation Will Be Based on ...
Under the Entity Concept of Consolidation,the NCI Is Recognised as ...