A subsidiary company has a 80% controlling interest was acquired in when it had equity shares with
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Question:
A subsidiary company has a 80% controlling interest was acquired in when it had equity shares with a book value of £800,000 in issue and retained earnings of £600,000. The book value of the subsidiary’s equity shares remain unchanged but retained earnings are now worth £900,000. What value should be attributed to the non-controlling interest in this subsidiary?
A £60,000
B £180,000
C £280,000
D £340,000
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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