D Ltd holds 90% ownership equity of R Ltd. R Ltd holds 75% of the ownership equity
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Question:
D Ltd holds 90% ownership equity of R Ltd. R Ltd holds 75% of the ownership equity of E Ltd. E holds 80% of the ownership equity of S. During the year the following dividends are paid by the respective companies:
D $ 600,000
R $ 330,000
E $ 240,000
S $ 195,000
Required:
(a) Complete the table below by calculating the NCI direct and indirect interests in R, E, and S.
(b) Calculate the amount of dividend payments that would be shown in the consolidated financial statements.
Related Book For
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
7th edition
Authors: Hilton Murray, Herauf Darrell
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