alleryStart learning →Translation differences for minority holders go where?
AParent's profit or loss
BNon-controlling interests
CSecurities premium
DGeneral reserve fund
Answer & Solution
Correct answer: B. Non-controlling interests
The share of accumulated translation differences relating to outside shareholders is allocated to non-controlling interests.
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Related questions
A lends to foreign subsidiary B, no settlement planned. The loan is part of:In assessing exchangeability, which is considered?Does a normal administrative delay make a currency not exchangeable?If a currency is not exchangeable, what must the entity do?How does Ind AS 21 define an exchange rate?An exchange difference arises from translating currency units at what?What are the two principal issues in Ind AS 21?Which standard covers presenting foreign currency cash flows?