BB Limited is a subsidiary of GG Limited. When GG acquired its 95% interest in BB Ltd, the retained earnings of BB Limited were $20000. At the beginning of the current period, BB Limited's retained earnings increased to $70000. BB also earned profit of $30000 during the current period. The NCI's share of the equity of BB Limited at reporting date is?

Answer rating: 100% (QA)

To find the NonControlling Interests NCI share of the equity of BB Limited at the reporting dat... View the full answer