Why is the amount for non-controlling interests recalculated each time we prepare a statement of financial position,

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Why is the amount for ‘non-controlling interests’ recalculated each time we prepare a statement of financial position, but ‘goodwill arising on consolidation’ is calculated just once?

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Financial Accounting For Decision Makers

ISBN: 9781292251257

9th Edition

Authors: Peter Atrill, Eddie McLaney

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Question Posted: Aug 23, 2023 07:07 AM

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Why is the amount for non-controlling interests recalculated each time we prepare a statement of financial position,

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The reason for recalculating the amount for noncontrolling interests each time a statement of financial position also known as a balance sheet is prep...View the full answer

Financial Accounting For Decision Makers

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