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Murray Plc owns 60% of the equity share capital of Federer Ltd. For the year ended 31 December 20X6 Federer reported profit after tax of
Murray Plc owns 60% of the equity share capital of Federer Ltd.
For the year ended 31 December 20X6 Federer reported profit after tax of 200,000. During the year Federer had sold goods to Murray Plc for 60,000$ at cost plus 25%. At the year-end 70% of these goods were unsold.
What is the profit attributable to the non-controlling interest in the consolidated statement of comprehensive income for the year ended 31 December 20X6?
a) 75,200
b)76,640
c)74,540
d) none of the above
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