are NI and Equity all the same under this method, I am confused.
Are you kidding me?
they are the same… too much today, I confused myself. hw0799 Wrote: ------------------------------------------------------- > are NI and Equity all the same under this method, > I am confused.
Equity is not the same, net income is. Equity is higher under consolidation. Check both he practice questions in the CFAI book and the schweser errata. Schweser in its notes says they are the same, but the notes are wrong and are corrected. Also this is covered in a thread from like yesterday or the day before.