uestion Consolidation- Other Issues Dion Ltd acquired a 60% ownership interest in Sean Ltd on 30 June 2018-On the same day. Sean Ltd acquired a 70% ownership interest in Jayden Ltd. The following inter-entity transactions have taken place between the entities in the group during the years ended 30 June 2019 and 30 June 2020 i. On 1 July 2018 Sean sold an item of plant to Jayden for a profit of $40 000. The ii On 1 September 2019, Jayden paid a dividend of S50 000 from profits earned iii. Dion lent S60 000 to Sean on 1 January 2019. Interest charged on the loan for the remaining useful life of the plant at the date of transfer was 4 years since 30 June 2018 year ended 30 June 2019 was S4000 and for the year ended 30 June 2020 was $8000 iv. On 31 May 2019 Dion sold inventories to Jayden for $30 000. Profit earned on the sale was $4000. Jayden sold the inventories to external parties on 1 August 2019 Details of profits earned by entities within the group for the years ended 30 June 2019 and 30 June 2020 are: 30 June 201930 June 2020 200 000 170 000 40 000 250 000 140 000 70 000 Dion ean Jayden The tax rate is 30% 1) For the sale of plant on 1 July 2018, what is the net NCI adjustment for the year ending 30 June 2019? a. $7 000 b. $8 400 S10 000 d. $11 200 Nil 2) The NCI share of profit in Jayden for the year ended 30 June 2020 is a. $23 200 b. $21 000 c. $40 600 d. $28 000 e. $52 500