Dobby Plc owns 80% of the issued share capital of Fred Ltd. Fred Ltd reported a net profit after tax of €25 million for the year. During the year Fred Ltd sold goods to Dobby Plc for €7.5 million at cost plus 25% and Dobby Plc has sold 25% of these goods for €2 million before the year end. What is the amount of profit attributable to the non-controlling interest in the Consolidated Statement of Comprehensive Income for that year? €6 million Ob. €3.5 million O c. €5 million O d. €4.78 million

Dobby Plc owns 80% of the issued share capital of Fred Ltd. Fred Ltd reported a net profit after tax of €25 million for the year. During the year Fred Ltd sold goods to Dobby Plc for €7.5 million at cost plus 25% and Dobby Plc has sold 25% of these goods for €2 million before the year end. What is the amount of profit attributable to the non-controlling interest in the Consolidated Statement of Comprehensive Income for that year? €6 million Ob. €3.5 million O c. €5 million O d. €4.78 million

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter15: Choice Of Business Entity—other Considerations

Section: Chapter Questions

Problem 80P

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