Larry acquired 90% of Mark on 1 October 2021. In the year ended 30 June 2022...
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Larry acquired 90% of Mark on 1 October 2021. In the year ended 30 June 2022 Mark's Statement of profit or loss showed a profit of 100,000 for the year. A fair value adjustment at acquisition resulted in additional depreciation of 15,000 being charged to the consolidated Statement of profit or loss in the year ended 30 June 2022. What is the share of income attributable to the non-controlling interest to be presented in the consolidated statement of profit or loss for the year ended 30 June 2022? O a. Loss 7,500 O b. Income 6,000 O c. Income 6,375 Od. Income 7,500 O e. Income 8,500 O f. None of the above Larry acquired 90% of Mark on 1 October 2021. In the year ended 30 June 2022 Mark's Statement of profit or loss showed a profit of 100,000 for the year. A fair value adjustment at acquisition resulted in additional depreciation of 15,000 being charged to the consolidated Statement of profit or loss in the year ended 30 June 2022. What is the share of income attributable to the non-controlling interest to be presented in the consolidated statement of profit or loss for the year ended 30 June 2022? O a. Loss 7,500 O b. Income 6,000 O c. Income 6,375 Od. Income 7,500 O e. Income 8,500 O f. None of the above
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