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Which of the followingoptions provides arepresentation ofhow the non controlling interest in FG is measured in CD'sconsolidated statement of financial position at 31 December 20X8?
Suggested Answer: A
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12 comments · newest first
VA
Vallie
3 days ago
Option B seems simpler, but is it correct?
RO
Rosalyn
8 days ago
I prefer option C. Reporting date is crucial.
BE
Bettina
13 days ago
I think option A makes the most sense.
ED
Eden
18 days ago
Not sure about C) either, feels like it could lead to overvaluation.
TA
Tamera
23 days ago
D) seems off; group reserves shouldn't be included like that.
YV
Yvette
28 days ago
Wait, why would you use the FV at acquisition instead of the reporting date?
MA
Marnie
1 month ago
I think B) makes more sense, though.
ER
Erick
1 month ago
A) is the correct method for measuring NCI.
MY
Myra
1 month ago
I lean towards option C since it mentions the reporting date, but I can't recall if that’s the right approach for measuring NCI.
SA
Samira
2 months ago
I’m a bit confused about whether we should include the share of exchange differences for the year or accumulated ones. I feel like I’ve seen both in practice questions.
WE
Wei
2 months ago
I think option A sounds familiar because it mentions accumulated exchange differences, which we discussed in class.
ED
Edison
2 months ago
I remember that the non-controlling interest is usually measured at fair value at acquisition, but I'm not sure if it should be at the reporting date for this question.