How is Profit for NCI is calculated in a Consolidated income statement??
From where should we take the profit and what all adjustment should we make?
It’s their share of this year’s subsidiary, adjusted, time apportioned, profit after tax
Thanks for your reply .
so what about the post acquisition adjustments?? should we take that to adjust
the profit after tax?
yes – that’s what the “adjusted” stands for in my previous post.
“their share of this year’s subsidiary, adjusted, time apportioned, profit after tax” explains it all – but EVERY word is significant so make sure that you understand that significance!
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