HI5020 Corporate Accounting - Assessment Task 2

Question 4 Week 10 (7 marks)

1. Where the parent company does not hold 100 percent equity of the subsidiary company, what portion of the intra-group transactions between the parent entity and the subsidiary entity will need to be eliminated on consolidation? (2 marks)
2. What is a non-controlling interest, and how should it be disclosed? (2 marks)
3. How are non-controlling interests affected by intra-group transactions? (2 marks)
4. What are the three steps we use to calculate total non-controlling interest? (1 mark)

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