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A Ltd acquired 60% of the shared of B Ltd on 1 July 20x2. At the acquisition date all assets and liabilities of B Ltd
A Ltd acquired 60% of the shared of B Ltd on 1 July 20x2. At the acquisition date all assets and liabilities of B Ltd were recorded at amounts equal to fair value, except for inventory, which had a carrying amount of $20,000 and a fair value of $30,000. All the inventory was sold by 30 June 20x3 and at that date B Ltd recorded a profit of $100,000. The NCI share of changes in equity for the current period (step 3) is Select one: a: 60 000 b. 37 200 c. 100 000 d. 40 000 e 55 800
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