Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The retained earning at the date of acquisition was GHC10,000 for the subsidiary and GHC55,000 for the parent company. One year after acquisition, the retained

image text in transcribed
The retained earning at the date of acquisition was GHC10,000 for the subsidiary and GHC55,000 for the parent company. One year after acquisition, the retained earnings for the subsidiary stood at GHC20,000 and that of the parent at GHC70,000. If the NCI has 20% share in the subsidiary, how much of the post- acquisition profit is attributable to NCI of the subsidiary? A. GHC1,009 B. GHC2,000 C. GHC3,000 D. GHC4,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Management System Auditors Handbook

Authors: Joe Kausek

1st Edition

087389670X, 978-0873896702

More Books

Students also viewed these Accounting questions

Question

8. Explain the difference between translation and interpretation.

Answered: 1 week ago

Question

10. Discuss the complexities of language policies.

Answered: 1 week ago

Question

1. Understand how verbal and nonverbal communication differ.

Answered: 1 week ago