James Limited is a subsidiary of Anastasia Limited. When Anastasia acquired its 75% interest in James, the
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Question:
James Limited is a subsidiary of Anastasia Limited. When Anastasia acquired its 75% interest in James, the share capital of James was $10 000. At the beginning of the current period James Limited’s retained earnings were $40 000. James earned profit after tax of $20 000 during the current period.
What is the total share of the non-controlling interest in the equity of James Limited at the end of the current period?
Related Book For
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
7th edition
Authors: Hilton Murray, Herauf Darrell
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