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Elsevier Ltd holds 90% equity in Boutique Ltd and 40% in Ninteen Ltd. The profit data after all adjustments are: Profit after tax Elsevier Ltd

Elsevier Ltd holds 90% equity in Boutique Ltd and 40% in Ninteen Ltd. The profit data after all adjustments are:

Profit after tax Elsevier Ltd $700,000

Profit after tax Boutique Ltd $200,000

Profit after tax Ninteen Ltd $600,000

What is the total profit attributable to the owners of the parent company?

A) $700,000

B) $880,000

C) $940,000

D) $1,120,000

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