1. when a company acquired an 80% of the 50000 $1 equity shares of another company for $80000 cash, the fair valued net assets of the new subsidiary were valued at $85000.
the investing company had in issue $ 300000 equity shares of 50 cents each. subsequent to acquisition, the subsidiary has achieved $55000 retained earnings and the parents retained earning at the date of year statements of financial position was $102000. there have been no shares issued by either companies since acquisition.
what figure will appear in the consolidated financial statements under the heading non controlling interest,
Alternative 4
alternative 3
alternative 1
alternative 2
*** no list list of alternatives workings have been given.
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Is it $28,000?
Thank u sir.
got the reasoning now.
Well, is it $28,000?
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