Exam (elaborations)
FAC 3704 ASSIGNMENT 1
- Course
- FAC 3704 ASSIGNMENT 1
- Institution
- Johns Hopkins University
Each question counts 1 mark. R 1. The correct answer is (3). Non- controlling interest At acquisition Retained earnings (107 500 x 20%) 21 500 Share capital (100 000 x 20%) 20 000 Since acquisition Retained earning (321 000 – 107 500) x 20% 42 700 Current year Profit for the year (...
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