The NCI calculation involves three steps.

(a) i. Which of these steps uses the same values every year (i.e. does not need to be updated after the initial calculation)?

ii. If this step uses the same values each year, why does it still need to be included in the calculation?

(b) i. Prior year consolidation journals impacting income statement accounts are processed to which account in the current year?

ii. Which step of the NCI calculation includes these entries?