At 1 January 20X0 H Ltd acquired 60 per cent of the share capital of S for
Question:
At 1 January 20X0 H Ltd acquired 60 per cent of the share capital of S for £180,000. At that date the share capital of S consisted of 200,000 shares of 50p each. The reserves of H and S are stated below:
In the consolidated statement of financial position of H and its subsidiary S at 31 December 20X2, what amount should appear for the non-controlling interest in S?
a. £92,000
b. £280,000
c. £152,000
d. £112,000
HS H At 1 Jan 20X0 £ 280,000 50,000 At 31 Dec 20X2 £ 340,000 180,000
Step by Step Answer:
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Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
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It is the equity interest of outside investors other than of parent. In other words it is the equity in a subsidiary not attributable, directly or indirectly, to a parent. Non-controlling interest should be presented in the consolidated statement of financial position within equity, separately from the parent shareholders\' equity.
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