FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

The Daddy Group has the following group structure:

Daddy Ltd

80% 80% 27%

Son 1 Ltd Son 2 Ltd Son 3 Ltd

70% 55%
30 %
Son 4 Ltd Son 5 Ltd

10% 5% 45% 95%

Son 6 Ltd Son 7 Ltd

(a) Reproduce and complete the following controlling and non-controlling interest table. Show your calculations.

(b).What percentage of the voting in Son 7 Ltd will be controlled by the Daddy Ltd? 

(c). What percentage of the dividend declared by Son 7 Ltd will be received by the Daddy Ltd? 

Daddy Interest Son 1 Son 4 Son 2 Son 5 Son 7 Son 6 Son 3
Direct %
Indirect %
Non-controlling Interest

Direct %
Indirect %
Total

Show all the workings of calculations

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