Question
Earth owns 70% of the ordinary share capital of both Island and River. Balance sheet extracts for the three companies at 31 December 20X3 were
Earth owns 70% of the ordinary share capital of both Island and River. Balance sheet extracts for the three companies at 31 December 20X3 were as follows:
|
| Earth | Island | River |
|
| m | m | m |
| Ordinary shares (1) | 10 | 10 | 10 |
| P&L reserves | 12 | 15 | (15) |
Minority interest (based on parent company extension method) in the consolidated balance sheet of Earth Group as at 31 December 20X3 is:
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
3rd edition
132890542, 978-0132890540
