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Under the proportionate consolidation method the non-controlling interest (NCI) is: Multiple Choice presented as a liability in the consolidated balance sheet. presented as a separate

Under the proportionate consolidation method the non-controlling interest (NCI) is:

Multiple Choice

  • presented as a liability in the consolidated balance sheet.

  • presented as a separate component of shareholders' equity on the consolidated balance sheet.

  • not acknowledged at all.

  • presented as a component of retained earnings on the consolidated balance sheet.

Which of the following statements pertaining to the non-controlling interest (NCI) when using the identifiable net assets (INA) method is TRUE?

Multiple Choice

  • The NCI value is based on the full fair value of the subsidiary including goodwill.

  • The NCI value is based on the book value of the net identifiable assets of the subsidiary excluding any value pertaining to goodwill.

  • The NCI value is based on the book value of the net identifiable assets of the subsidiary including goodwill.

  • The NCI value is based on the fair value of the net identifiable assets of the subsidiary but excludes any value pertaining to goodwill.

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