Dear Tutor, would you please help me this question from SBR Pre-june 2024 mock exam.
in the question1 exbition 2: it said that “disposal of 10% preceeds $22m was credited on Other income in the consolidated sttement of P/L” Accordingly in my opinion, the adjustment for equity onwer’s changes may be like that Dr: other component euqity $15.8M Cr: NCI $15.8M, would you please help me to verify it? the answer is that Dr: retained earning $22m, CR: NCI $15.8, Cr: other component of equity $6.2m many thanks