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Nci

This topic has 3 replies, 2 voices, and was last updated 9 years ago by MikeLittle.

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August 8, 2016 at 8:35 pm #332098
voudouri
Member
- Topics: 18
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Chapter 7
Example 10
Nci investment evaluation 7000
Please explain me how it comes?
August 8, 2016 at 9:04 pm #332103
MikeLittle
Keymaster
- Topics: 27
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Share capital 3,000
Share premium 1,500
Retained earnings brought forward 20,000
Retained earnings to 1 August (date of acquisition) 7/12 x 6,000 = 3,500
Add them up = 28,000
Give nci their 25%
OK?
August 9, 2016 at 5:04 pm #332234
voudouri
Member
- Topics: 18
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Many thanks!
August 9, 2016 at 5:35 pm #332238
MikeLittle
Keymaster
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- Replies: 23350
You’re welcome
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