1. Determine Apple Ltd’s interest (direct and indirect) and the non-controlling interest (direct and indirect) in the separate legal entities under the control of Apple Ltd (Show workings for indirect interests).
2. Where only a proportion of a subsidiary’s shares are owned by a parent entity, what proportion of the intragroup transactions between the parent entity and the subsidiary will need to be eliminated on consolidation?
    

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The following diagram represents the ownership of issued share capital of the companies in a group. Apple Ltd 60% 70% Banana Grape Ltd Ltd 60% 80% Orange Plum Ltd Ltd 10% The following diagram represents the ownership of issued share capital of the companies in a group. Apple Ltd 60% 70% Banana Grape Ltd Ltd 60% 80% Orange Plum Ltd Ltd 10%

Answer rating: 100% (QA)

Answer a Particulars Nature Holding percentage Noncontrol... View the full answer