Which of the following statements are incorrect with regard to preparation of a Consolidated Statement of financial position?
(a) Gain on fair valuation of a subsidiary’s asset is a pre-acquisition profit
(b) Non-controlling interest does not deserve any portion of fair valuation gain
(c) If an asset is not reported in the subsidiary’s ledger it need not be fair valued
(d) Gain on fair valuation of subsidiary’s asset inflates the cost of goodwill

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