I’m trying to wrap my head around where certain things go on the income statement- mainly the ‘income investment in associates’ line if using the equity method- I read that EBIT would NOT be affected by this line item…does this mean this line item would come after EBIT on the income statement?
Yes
thanks- another question- is it true that
a) there is no minority interest under the partial acquisition or partial-consolidation method?
b) EQ as a total is still higher under partial AQ than it is under the equity method right? (because if under partial acquisition we combine assets and liabilities, equity must be higher as well right?)
a - Correct
b - You need to be more clear