Where there are transactions between the investor and associate that result in an unrealised profit, the investor's share of the associate's profit is:

Select one:

a.affected only if the transaction is an upstream one.

b.affected only if the transaction is a downstream one.

c.affected regardless of whether the transaction is an upstream or downstream one.

d.not affected at all regardless of whether the transaction is an upstream or downstream one.

If the balance in a forfeited shares account is refundable to the owners of those shares, then the forfeited shares account is classified in the financial statements as:

Select one:

a.income.

b.equity.

c.expenses.

d.liabilities

A non-controlling interest contributes _______________ to a consolidated group?

Select one:

a.assets

b.profit

c.equity

d.liabilities