AA Limited has an ownership interest of 70% in a subsidiary BB Limited. BB Limited owns 80%
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Question:
AA Limited has an ownership interest of 70% in a subsidiary BB Limited. BB Limited owns 80% of CC Limited. At acquisition date the retained earnings of CC Limited were $100 000. At consolidation date, the retained earnings of CC Limited were $280 000. The indirect non-controlling interest in the retained earnings of CC Limited is:
Select one:
a.$36 000
b.$108 000
c.$43 200
d.$56 000
e.$0
Posted Date: