Economics · Corporate Accounting
Under corporate accounting consolidation principles, which of the following expressions correctly determines the Non-Controlling Interest (NCI) share of a subsidiary's consolidated profit for a mid-year acquired entity?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1NCI% × Subsidiary gross profit × Time factor
- 2NCI% × Subsidiary profit after tax × Time factor
- 3(NCI% × Subsidiary profit after tax × Time factor) - NCI share of unrealised profit on inventory✓
- 4(NCI% × Subsidiary profit before tax × Time factor) + NCI share of unrealised profit on inventory
Correct answer
(NCI% × Subsidiary profit after tax × Time factor) - NCI share of unrealised profit on inventory
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