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June 2015 Section B Question 1(b)(iv)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › June 2015 Section B Question 1(b)(iv)

  • This topic has 5 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • August 7, 2015 at 3:13 pm #266090
    account33
    Member
    • Topics: 26
    • Replies: 28
    • ☆☆

    The question asked to prepare the extract from Bycomb’s consolidated statement of profit or loss for the year ended 31 March 2015 for profit or loss attributable to NCI.

    Why is it Cyclip’s profit figure of $2,400 we include in the calculation and not Bycomb’s profit figure of $3,000?

    Many thanks,

    August 7, 2015 at 9:13 pm #266156
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    Is Cyclip the subsidiary?

    Do you really understand what a non-controlling interest is? We used to call it a “minority interest” Does that help you maybe understand better who these people are?

    August 8, 2015 at 3:31 pm #266255
    account33
    Member
    • Topics: 26
    • Replies: 28
    • ☆☆

    ah yes….minority interest…..I’m still adjusting to the new terminology from the old paper 2.5 (i think) UK version

    August 8, 2015 at 4:09 pm #266265
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    Ok? Sure?

    August 8, 2015 at 5:12 pm #266268
    account33
    Member
    • Topics: 26
    • Replies: 28
    • ☆☆

    Yes. Sure

    August 8, 2015 at 5:18 pm #266270
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23334
    • ☆☆☆☆☆

    Ok, but post again with any further problems

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