p Ltd acquired 80 per cent of the ordinary share capital of Q Ltd on 1 April 1984.

Reported profits of QLtd for the accounting year ended 31 December 1984 were

£160 000 after tax and ordinary dividend of £40 000.

The share of postacquisition profits of Q Ltd to be consolidated in the group financial statements for the year ended 31 December 1984 is:

(a) £96 000;

(b) £120000;

(c) £128 000;

(d) £150000.