As at 31 December 20x8, A Ltd's net assets are represented by share capital of $500 million and retained profit of $500 million, B Ltd's net assets are represented by share capital of $200 million and retained profit of $500 million, and C Ltd's net assets are represented by share capital of $100 million and retained profit of $300 million. B Ltd acquired 70% of C Ltd in 20x5 when C Ltd's retained profit was $200 million. A Ltd acquired 80% of B Ltd in 20x6 when B Ltd's retained profit was $400 million and C Ltd's retained profit was $250 million. The amount of "non-controlling interest” in A Ltd's consolidated statement of financial position as at 31 December 20x8 should be: $260 million. $274 million. $270 million. None of the listed choices. $267 million.
As at 31 December 20x8, A Ltd's net assets are represented by share capital of $500 million and retained profit of $500 million, B Ltd's net assets are represented by share capital of $200 million and retained profit of $500 million, and C Ltd's net assets are represented by share capital of $100 million and retained profit of $300 million. B Ltd acquired 70% of C Ltd in 20x5 when C Ltd's retained profit was $200 million. A Ltd acquired 80% of B Ltd in 20x6 when B Ltd's retained profit was $400 million and C Ltd's retained profit was $250 million. The amount of "non-controlling interest” in A Ltd's consolidated statement of financial position as at 31 December 20x8 should be: $260 million. $274 million. $270 million. None of the listed choices. $267 million.
Chapter22: S Corporations
Section: Chapter Questions
Problem 4BCRQ
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Transcribed Image Text:As at 31 December 20x8, A Ltd's net
assets are represented by share capital
of $500 million and retained profit of
$500 million, B Ltd's net assets are
represented by share capital of $200
million and retained profit of $500
million, and C Ltd's net assets are
represented by share capital of $100
million and retained profit of $300
million. B Ltd acquired 70% of C Ltd in
20x5 when C Ltd's retained profit was
$200 million. A Ltd acquired 80% of B
Ltd in 20x6 when B Ltd's retained
profit was $400 million and C Ltd's
retained profit was $250 million. The
amount of "non-controlling interest” in
A Ltd's consolidated statement of
financial position as at 31 December
20x8 should be:
$260 million.
$274 million.
$270 million.
None of the listed choices.
$267 million.
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