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In May 20x5, P Ltd acquired 80% of S Ltd and 40% of A Ltd. During 20x7, P Ltd sold goods to S Ltd and
In May 20x5, P Ltd acquired 80% of S Ltd and 40% of A Ltd. During 20x7, P Ltd sold goods to S Ltd and A Ltd. As at 31 December 20x7, there were unrealized profits of $20 million arising from sales from P Ltd to S Ltd and unrealized profits of $10 million arising from sales from P Ltd to A Ltd. These unrealized profits were realized during 20x8. For the year ended 31 December 20x8, the profit after tax of P Ltd, S Ltd, and A Ltd were $300 million, $200 million and $100 million respectively. The Profit attributable to the shareholders of the parent in the 20x8 consolidated statement of profit or loss and other comprehensive income should be:
Group of answer choices
$530 million.
None of the listed choices.
$570 million.
$524 million.
$600 million.
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