Homework Help is Here – Start Your Trial Now!
Business
Accounting
PAR plc acquired 75% of voting rights of SUB plc on 30th of June, 20X2 when SUB's retained earnings amounted to £30 million. At 31st of December 20X2, SUB's balance sheet reports retained earnings of £34 million. What is the amount of post-acquisition retained earnings attributable to NCI at 31st of December 20X2?  a. £1 million b. £2 million c. £3 million d. £4 million

PAR plc acquired 75% of voting rights of SUB plc on 30th of June, 20X2 when SUB's retained earnings amounted to £30 million. At 31st of December 20X2, SUB's balance sheet reports retained earnings of £34 million. What is the amount of post-acquisition retained earnings attributable to NCI at 31st of December 20X2?  a. £1 million b. £2 million c. £3 million d. £4 million

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

PAR plc acquired 75% of voting rights of SUB plc on 30th of June, 20X2 when SUB's retained earnings amounted to £30 million. At 31st of December 20X2, SUB's balance sheet reports retained earnings of £34 million.

What is the amount of post-acquisition retained earnings attributable to NCI at 31st of December 20X2? 

a.

£1 million

b.

£2 million

c.

£3 million

d.

£4 million

Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS