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Can NCI be negative due to subsidiary losses ?
if not, How else we should account for it.I have never seen this in an exam! I believe that I am correct in saying that you cannot show nci as a debit – it certainly does not satisfy the definition of an asset!
Feedback:
Thread was over,However i felt like providing you feedback.hope its fine with you.incase any other student asks you.Well , according to my subsequent research , i have come to the conclusion that they can be negative .
Gratitude:
(taking a chance (Otherwise you would have not liked the idea 🙂 )) of saying Thanks for great support (Unable to express my gratitude in words ) .Thanks v v much.The reporting entity also attributes total comprehensive income to the owners of the parent and to the non-controlling interests even if this results in the non-controlling interests having a deficit balance. [IFRS 10:B94]
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