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G Ltd purchased 71% H Ltd shares and formed the GH group. An extract from a consolidation worksheet three years later is below. G H

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G Ltd purchased 71% H Ltd shares and formed the GH group. An extract from a consolidation worksheet three years later is below. G H Sum Eliminations Group Allocation NCI Parent Dr Cr Sales 94 000 82 000 176 000 19 000 3 157 000 57 000 36 000 93 000 930 4/3 19 000 74 930 Cogs Gross profit 37 000 46 000 83 000 82 070 Other revenues 17 000 6 000 23 000 3 220 5 9 750 7 10 030 Other expenses (22 000) (34000) (56 000) 750 2/5 3 220 (53 530) Net profit 32 000 18 000 50 000 38 570 ??? ??? Other information: o Sales from G to H during current year were $1,711 and the mark-up was $930. o Interest on an intercompany bill was $3,220. o Intercompany dividend was $9,750. o Goodwill impairment (partial method) for the year was $750. Required: from the choices shown, what is the correct depiction of the NCI/Parent columns ??? for Net profit: G Ltd purchased 71% H Ltd shares and formed the GH group. An extract from a consolidation worksheet three years later is below. G H Sum Eliminations Group Allocation NCI Parent Dr Cr Sales 94 000 82 000 176 000 19 000 3 157 000 57 000 36 000 93 000 930 4/3 19 000 74 930 Cogs Gross profit 37 000 46 000 83 000 82 070 Other revenues 17 000 6 000 23 000 3 220 5 9 750 7 10 030 Other expenses (22 000) (34000) (56 000) 750 2/5 3 220 (53 530) Net profit 32 000 18 000 50 000 38 570 ??? ??? Other information: o Sales from G to H during current year were $1,711 and the mark-up was $930. o Interest on an intercompany bill was $3,220. o Intercompany dividend was $9,750. o Goodwill impairment (partial method) for the year was $750. Required: from the choices shown, what is the correct depiction of the NCI/Parent columns ??? for Net profit

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