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A Ltd acquired an 80% shareholding interest in B Ltd in 20x4. B Ltd acquired a 40% shareholding interest in C Ltd in 20x5.
A Ltd acquired an 80% shareholding interest in B Ltd in 20x4. B Ltd acquired a 40% shareholding interest in C Ltd in 20x5. For the year ended 31 December 20x8, A Ltd, B Ltd and C Ltd each reported "Profit after tax" of $100,000. The "Profit attributable to non-controlling interest" to be reported in A Ltd's consolidated statement of profit or loss and other comprehensive income for the year ended 31 December 20x8 should be: $88,000. None of the listed choices. $20,000. $28,000. $80,000.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
