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The holding company may not acquire all the voting shares of the investee company, thus, the members of the subsidiary other than the holding company,
The holding company may not acquire all the voting shares of the investee company, thus, the members of the subsidiary other than the holding company, are collectively referred to as minority interest (MI). The interest of MI in the operation or the net assets of the subsidiary is termed as NonControlling Interest (NCI).
Explain TWO (2) available options for the accounting treatment of NonControlling Interest (NCI) in the preparation of consolidated statement of financial position.
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