The pre-acquisition entry for the Riley group in order to consolidate a 75% interest in a subsidiary contained the following debits: Retained earnings $16 000, share capital $80 000, general reserve $30 000, RSC $12 000. The direct non-controlling interest's share of the subsidiary's equity at the date of acquisition is?

Answer rating: 100% (QA)

Total debits by the Riley group 16000 80000 30000 12000 138000 Since the Rile... View the full answer