The following is an extract from the non-controlling interest memorandum,used to calculate non-controlling interests.Both subsidiaries became members of the economic entity at the same time at the start of this current period. $$\begin{array} { | l | r | r | r | }
\hline & \text { Barbie Ltd } & \text { Ken Ltd } & \text { Total NCl } \
\hline \text { Non-controlling interest in profit after tax } & & & \
\text { Profit as shown in respective entity's reports } & 12000 & 16000 & \
\text { less: Dividend received from entity within group } & ( 2500 ) & & \
\text { Profit contributed to the economic entity } & 9500 & 16000 & \
\hline \text { Non-controlling interest } & 3800 & 9920 & 13720 \
\hline \begin{array} { l }
\text { Non-controlling interest in opening retained earings } \
\text { Opening retained earnings }
\end{array} & 15000 & 24000 & \
\hline \text { Non-controlling interest } & 6000 & 9600 & 15600 \
\hline
\end{array}$$ What is the parent's indirect equity (percentage)interest in Barbie Limited?

Question

The following is an extract from the non-controlling interest memorandum,used to calculate non-controlling interests.Both subsidiaries became members of the economic entity at the same time at the start of this current period. $$\begin{array} { | l | r | r | r | } 
\hline & \text { Barbie Ltd } & \text { Ken Ltd } & \text { Total NCl } \
\hline \text { Non-controlling interest in profit after tax } & & & \
\text { Profit as shown in respective entity's reports } & 12000 & 16000 & \
\text { less: Dividend received from entity within group } & ( 2500 ) & & \
 \text { Profit contributed to the economic entity } & 9500 & 16000 & \
\hline \text { Non-controlling interest } & 3800 & 9920 & 13720 \
\hline \begin{array} { l } 
\text { Non-controlling interest in opening retained earings } \
\text { Opening retained earnings }
\end{array} & 15000 & 24000 & \
\hline \text { Non-controlling interest } & 6000 & 9600 & 15600 \
\hline
\end{array}$$ What is the parent's indirect equity (percentage)interest in Barbie Limited?

Quizplus · Accepted Answer

The Answer of The following is an extract from the non-controlling interest memorandum,used to calculate non-controlling interests.Both subsidiaries became members of the economic entity at the same time at the start of this current period. $$\begin{array} { | l | r | r | r | } 
\hline & \text { Barbie Ltd } & \text { Ken Ltd } & \text { Total NCl } \
\hline \text { Non-controlling interest in profit after tax } & & & \
\text { Profit as shown in respective entity's reports } & 12000 & 16000 & \
\text { less: Dividend received from entity within group } & ( 2500 ) & & \
 \text { Profit contributed to the economic entity } & 9500 & 16000 & \
\hline \text { Non-controlling interest } & 3800 & 9920 & 13720 \
\hline \begin{array} { l } 
\text { Non-controlling interest in opening retained earings } \
\text { Opening retained earnings }
\end{array} & 15000 & 24000 & \
\hline \text { Non-controlling interest } & 6000 & 9600 & 15600 \
\hline
\end{array}$$ What is the parent's indirect equity (percentage)interest in Barbie Limited?

The Following Is an Extract from the Non-Controlling Interest Memorandum,used