Under ASPE reporting requirements for investments in subsidiaries, how should the NCI at the time of acquisition be valued?

A) At fair value
B) At carrying value
C) At the acquiree's proportionate share of net identifiable assets
D) At fair value or at the acquiree's proportionate share of net identifiable assets

ASPE Reporting Requirements

Refers to the standards and guidelines for financial reporting under the Accounting Standards for Private Enterprises in Canada, which cover financial statement preparation and presentation for private companies.

NCI

Stands for Non-Controlling Interest, which is a portion of the equity in a subsidiary not owned by the parent company, reflecting minority shareholders' interest in the subsidiary's net assets and income.

Net Identifiable Assets

The assets of a company that can be assigned a fair value in the event of a merger or acquisition, excluding intangible assets that cannot be sold or transferred.