Hi, In Reading 22 of FSA [CFAI book] , page 18 in the income statement illustration, why did the " profit after tax) : net income, excluded the minority interest (-49). Should the Net Income be , in this illustration, equivallent to Profit attributable to shareholders.( $960) IF that is true, why did the statement of comprehensive income start with $911 instead of $960. Thanks
If I understand you correctly. Minority Interest (if consolidated statement) refers to that part of the business not owned by the reporting company. In your case, perhaps $49 refers to that part not owned by the reporting company and thus deducted to arrive at PAT
Thanks I understand this but why did the statement of comprehensive income start with $911 instead of $960 ? Am i missing something?
Post the whole problem if possible…