A subsubsidiary provides the following information: The subsubsidiary is owned 60% by its parent which is owned 80% by the ultimate parent
Retained profits at the date of acquisition $400
Profit for the year first $200
The total indirect NCI is:
A) $72
B) $48
C) $24
D) none of the above
Correct Answer:
Verified
Q1: When a parent does not have an
Q2: A sub-subsidiary is:
A) a subsidiary of a
Q4: In a multiple consolidation the ownership interests
Q14: Parent Ltd owns 20% of S1 Ltd
Q16: A owns 80% of B and B
Q20: The sequential consolidation method uses a 'top
Q22: Indirect NCI are entitled to a share
Q23: The sequence of acquisition dates in a
Q26: Cross-shareholdings between subsidiaries are:
A) legal under the
Q29: Circular shareholdings arise where:
A) a subsidiary holds
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