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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › 25.2 Task 5
Hi John
I hope you are well. This is a question to do with consolidation. I do not understand Task 5 from Question 25.2. I hope you can help me work this out
The NCI in the SOPL is 30% of the current years profit of $15M
For the SOFP,
Note 1 of the question says that the fair value of the NCI at the date of acquisition was $11.8M
The NCI’s share of post acquisition profit is 30% x (10.280 – 2) = $2.484M
Hi John
Why is it 30 % ?
Kind regards,
Arahn
Bury has 30,000 shares.
21,000 are owned by Black, so 9,000 are owned by the NCI.
9,000/30,000 = 30%
Thanks John !
Arahn
You are welcome 🙂