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Question 5 (10 marks) D Ltd holds 90% ownership equity of R Ltd. R Ltd holds 75% of the ownership equity of E Ltd.
Question 5 (10 marks) D Ltd holds 90% ownership equity of R Ltd. R Ltd holds 75% of the ownership equity of E Ltd. E holds 80% of the ownership equity of S. During the year the following dividends are paid by the respective companies: D 20 R E S $ 600,000 $330,000 $ 240,000 $195,000 Required: (a) Complete the table below by calculating the NCI direct and indirect interests in R, E, and S. (5 marks) ANSWER a): (b) Calculate the amount of dividend payments that would be shown in the consolidated financial statements. ANSWER b): (5 marks)
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