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?

Answer rating: 100% (QA)

1 Solution Anastasia Limited owns 75 interest in James Limited ... View the full answer