a. Define a non-controlling interest in accordance with IFRS 10 Consolidated Financial Statements (IASB, 2018b). b.
Question:
a. Define a non-controlling interest in accordance with IFRS 10 – Consolidated Financial Statements (IASB, 2018b).
b. Explain why non-controlling interests arise in consolidated financial statements in the context of the principles of consolidation.
c. Describe the effects of a non-controlling interest on the consolidated financial statements.
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a Noncontrolling interest arises when ownership in a subsidiary in addition to controlling interest ...View the full answer
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Related Book For 
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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