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Please explain step by step solution Question2 Xltdowns 75% of YLtd.YLtdowns 40% ofZltd.XLtd alsoowns 30% ofZLtd. The ownership interests in Z ltd were acquired when

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Question2 Xltdowns 75% of YLtd.YLtdowns 40% ofZltd.XLtd alsoowns 30% ofZLtd. The ownership interests in Z ltd were acquired when Z ltd was incorporated. Theretainedearningsofthethreecompaniesat1 July2016and30June2017areas follows: Thedividendspaid/declaredbygroupentitiesfortheyearended 30 June 2017 wereas follows: Additional Information: a) During the year ended 30 June 2016,Z sold goods to Y Ltd for $200,000. Thesegoodscost ZLtd$180,000.10% ofthesegoodsremainedin Y 's inventory at 30 June 2016. b) Duringthe year ended 30 June 2016 , X sold goods to Z Ld for $300,000. ThesegoodscostZLtd $20,000.25% ofthesegoodsremainedinZ's inventory at 30 June 2016. c) Duringthe yearended30June2017,ZLtdsoldgoodstoXfor $12,000. These goods costZLtd$10,000.50% of these goods remained in Horn Ltd's inventory at 30 June 2017. d) During the year ended 30 June 2017,Z sold goods to YLtd for $200,000. ThesegoodscostZLtd $180,000.15% ofthesegoodsremainedinYLtd's inventory at 30 June 2017. e) Allentitiesinthegroupusetheperpetualinventorysystem. f) Thecorporatetaxrateis 30%. Required: Onthebasisoftheinformationprovided, calculatethetotalnon- controllinginterestinconsolidated profit after tax and total non-controllinginterest in consolidated retainedearnings for year ended 31 December 2017 . Show all workings. Question2 Xltdowns 75% of YLtd.YLtdowns 40% ofZltd.XLtd alsoowns 30% ofZLtd. The ownership interests in Z ltd were acquired when Z ltd was incorporated. Theretainedearningsofthethreecompaniesat1 July2016and30June2017areas follows: Thedividendspaid/declaredbygroupentitiesfortheyearended 30 June 2017 wereas follows: Additional Information: a) During the year ended 30 June 2016,Z sold goods to Y Ltd for $200,000. Thesegoodscost ZLtd$180,000.10% ofthesegoodsremainedin Y 's inventory at 30 June 2016. b) Duringthe year ended 30 June 2016 , X sold goods to Z Ld for $300,000. ThesegoodscostZLtd $20,000.25% ofthesegoodsremainedinZ's inventory at 30 June 2016. c) Duringthe yearended30June2017,ZLtdsoldgoodstoXfor $12,000. These goods costZLtd$10,000.50% of these goods remained in Horn Ltd's inventory at 30 June 2017. d) During the year ended 30 June 2017,Z sold goods to YLtd for $200,000. ThesegoodscostZLtd $180,000.15% ofthesegoodsremainedinYLtd's inventory at 30 June 2017. e) Allentitiesinthegroupusetheperpetualinventorysystem. f) Thecorporatetaxrateis 30%. Required: Onthebasisoftheinformationprovided, calculatethetotalnon- controllinginterestinconsolidated profit after tax and total non-controllinginterest in consolidated retainedearnings for year ended 31 December 2017 . Show all workings

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