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Which of the following statements is incorrect? The NCI is entitled to a share of the groups consolidated equity. The calculation of the NCI is

Which of the following statements is incorrect?

The NCI is entitled to a share of the groups consolidated equity.

The calculation of the NCI is not affected by profits or losses relating to intra-group transactions.

The NCI is a contributor of equity to the consolidated group.

The NCI is entitled to a share of the subsidiarys equity adjusted for the effects of profits or losses made on intra-group transactions.

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