When changing from proportionate consolidation to equity method, do we need to bring in the con controlling interest?
E.g. Parent – Company A owns 50% of JV B. JV B has a subsidiary (Sub C) with an ownership of 65%.
In consolidated financials of A(proportionate consolidation), NCI pertaining to Sub C was identified. However when changing from proportionate consolidation to equity method do we have to still show NCI? or can we only take what is relevant to Com A & disregard NCI?