Accounting · Consolidated Financial Statements

Which TWO of the following statements are true regarding consolidated financial statements under international financial reporting standards? 1. The non-controlling interest share of profit is part of the consolidated statement of profit or loss. 2. Goodwill on acquisition should be amortised over a period not exceeding 20 years. 3. If a subsidiary is acquired during the year, its results are apportioned over the year of acquisition. 4. Only the group share of the subsidiary's non-current assets is shown in the statement of financial position.