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 40% 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 non-controlling interest" 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: None of the listed choices. $70,000. $94,000. $86,000. $40,000. A Ltd acquired a 60% shareholding interest in B Ltd in 20x4. B Ltd acquired a 40% 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 non-controlling interest" 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: None of the listed choices. $70,000. $94,000. $86,000. $40,000.
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Related Book For
Legal Research Analysis and Writing
ISBN: 978-1305948372
4th edition
Authors: William H. Putman, Jennifer Albright
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