PAR plc acquired 75% of voting rights of SUB plc on 30th of June, 20X2 when SUB's retained earnings amounted to £30 million. At 31st of December 20X2, SUB's balance sheet reports retained earnings of £34 million. What is the amount of post-acquisition retained earnings attributable to NCI at 31st of December 20X2? a. £1 million b. £2 million c. £3 million d. £4 million

PAR plc acquired 75% of voting rights of SUB plc on 30th of June, 20X2 when SUB's retained earnings amounted to £30 million. At 31st of December 20X2, SUB's balance sheet reports retained earnings of £34 million. What is the amount of post-acquisition retained earnings attributable to NCI at 31st of December 20X2? a. £1 million b. £2 million c. £3 million d. £4 million

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter20: Corporations: Distributions In Complete Liquidation And An Overview Of Reorganizations

Section: Chapter Questions

Problem 1BCRQ

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