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help with nci in multiple choice questions

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › help with nci in multiple choice questions

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • November 5, 2014 at 7:53 am #207779
    mysoul
    Member
    • Topics: 28
    • Replies: 30
    • ☆☆

    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.

    Please need help to understand how they arrive at the answer.

    November 6, 2014 at 7:00 am #207946
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23323
    • ☆☆☆☆☆

    Is it $28,000?

    November 6, 2014 at 7:22 am #207952
    mysoul
    Member
    • Topics: 28
    • Replies: 30
    • ☆☆

    Thank u sir.
    got the reasoning now.

    November 6, 2014 at 1:25 pm #207991
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23323
    • ☆☆☆☆☆

    Well, is it $28,000?

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    Posts
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