A Ltd acquired a 60% shareholding interest in B Ltd in 20x4. B Ltd acquired a...
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A Ltd acquired a 60% shareholding interest in B Ltd in 20x4. B Ltd acquired a 30% shareholding interest in C Ltd in 20x5. A Ltd acquired a 30% shareholding interest in C Ltd in 20x6. For the year ended 31 December 20x8, A Ltd, B Ltd and C Ltd each had sales of $100,000. The "Sales" to be reported in A Ltd's consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 20x8 should be: $220,000. $250,000. O $200,000. O None of the listed choices. $300,000. A Ltd acquired a 60% shareholding interest in B Ltd in 20x4. B Ltd acquired a 30% shareholding interest in C Ltd in 20x5. A Ltd acquired a 30% shareholding interest in C Ltd in 20x6. For the year ended 31 December 20x8, A Ltd, B Ltd and C Ltd each had sales of $100,000. The "Sales" to be reported in A Ltd's consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 20x8 should be: $220,000. $250,000. O $200,000. O None of the listed choices. $300,000.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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