Question: 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 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 reported "Profit after tax" of $100,000. The "Profit attributable to shareholders of the parent company" 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. None of the listed choices. $300,000. $208,000. $200,000.
Step by Step Solution
3.45 Rating (161 Votes )
There are 3 Steps involved in it
The detailed answer for the above question is provided below The Profit attributable to shareh... View full answer

Get step-by-step solutions from verified subject matter experts