reading 23, page 177 question 6: for IFRS, 50% /50% , if cinnamon treat it as control, should the operating income adjusted by taken off minority interest’? we all know that NI will be adjusted ,so no matter it is control, equity or proportionate consolidate, NI will be the same. How is EBIT? Thanks.
If Cambridge is deemed to have control, then you consolidate the whole 100% subsidiary. So you just add 142+88= 230, or look at each individually and compare to each other
when we substract minority interest’s share of NI ? right before NI line? Thanks. AndrewUNH Wrote: ------------------------------------------------------- > If Cambridge is deemed to have control, then you > consolidate the whole 100% subsidiary. So you just > add 142+88= 230, or look at each individually and > compare to each other
yes, it’s right before NI in order to make NI equal under all methods. Good luck.