P Ltd paid $200 million to acquire 90% of S Ltd on 1 January 20x8 when S Ltd's net assets at fair value were represented by share capital of $100 million and retained profit of $100 million. For the year ended 31 December 20x8, S Ltd's \"profit after tax\" was $40 million and it paid cash dividends of $10 million. The group policy was to measure non-controlling interest based on its share of acquisition-date fair value of identifiable net assets of subsidiary acquired. In the 20x8 consolidated financial statements, the \"Profit after tax attributable to non-controlling interest\" in the consolidated statement of profit or loss and other comprehensive income and the \"Non-controlling interest\" in the consolidated statement of financial position should be respectively:<\/p>
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Which option is it?<\/p>", "transcribed_text": "", "related_book": { "title": "Core Macroeconomics", "isbn": "978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435", "edition": "3rd edition", "authors": "Eric Chiang", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/648.jpg", "uri": "\/textbooks\/core-macroeconomics-3rd-edition-648", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8988025917", "uri": "\/textbooks\/ibiza-blues-1st-edition-979-8988025917-310239", "name": "Ibiza Blues", "edition": "1st Edition" }, "question_posted": "2024-06-28 09:42:48", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/equipment-acquired-on-january-3-20y3-at-a-cost-of", "description": "Equipment acquired on January 3, 20Y3, at a cost of $415,000, has an estimated useful life of 15 years, has an estimated residual value of $32,500, and is depreciated by the straight-line method. a....", "stars": 3 }, { "url": "\/study-help\/business-statistics-in-practice\/e-estimating-the-association-between-the-value-of-homes-and-1983514", "description": "=+e) Estimating the association between the value of homes and their age in a community known to have a number of very expensive mansions.", "stars": 3 }, { "url": "\/the-situations-presented-here-are-independent-of-each-other-instructions", "description": "The situations presented here are independent of each other. Instructions For each situation, prepare the appropriate journal entry for the redemption of the bonds. (a) Martha Corporation retired...", "stars": 3 }, { "url": "\/study-help\/questions\/huron-company-produces-a-commercial-cleaning-compound-known-as-zoom-9893917", "description": "Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 6.40 pounds 0.25...", "stars": 3 }, { "url": "\/study-help\/questions\/you-want-to-save-for-a-down-payment-on-a-6961785", "description": "you want to save for a down payment on a new home in the future you can invest $325 at the end of each month, and you can expect to earn 6% apr compounded monthly on your investment. how much will...", "stars": 3 }, { "url": "\/study-help\/questions\/assume-avaya-contracted-to-provide-a-customer-with-internet-infrastructure-835615", "description": "Assume Avaya contracted to provide a customer with Internet infrastructure for $2,100,000. The project began in 2024 and was completed in 2025. Data relating to the contract are summarized below:...", "stars": 3 }, { "url": "\/study-help\/questions\/problem-92-algo-lower-of-cost-or-net-realizable-value-835773", "description": "Problem 9-2 (Algo) Lower of cost or net realizable value; by product, category, and total inventory [LO9- 1] Ace Hardware Store sells two product categories, tools and paint products. Information...", "stars": 3 }, { "url": "\/study-help\/questions\/in-theory-a-30ghz-processor-is-not-50-faster-than-834674", "description": "In theory, a 3.0GHz processor is not 50% faster than a 2.0GHz processor.", "stars": 3 }, { "url": "\/study-help\/questions\/be-a-financial-plannerdiscussion-case-1-this-case-is-available-5567097", "description": "Be a Financial Planner-Discussion Case 1 This case is available in My FinanceLab. Jinhee Ju. 27. just received a promotion at work that increased her annual salary to $37,000. She is eligible to...", "stars": 3 }, { "url": "\/study-help\/questions\/anthony-is-a-technicianintraining-completing-his-externship-at-a-community-5126223", "description": "Anthony is a technician-in-training completing his externship at a community pharmacy. It is a very busy store, and the staff, while hard working, do not have the time to offer the type of in-depth...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/what-is-relation-between-products-quantity-and-its-effect-on-4286490", "next": "\/study-help\/questions\/p854b-two-businesses-in-very-different-circumstances-are-pondering-how-4286492" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "P Ltd paid $200 million to acquire 90% of S Ltd on", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/p-ltd-paid-200-million-to-acquire-90-of-s-4286491" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }" } }