The Daddy Group has the following group structure: Daddy Ltd 80% 80% 27% Son 1 Ltd Son 2 Ltd Son 3 Ltd 70% 55% 30% Son 4 Ltd Son 5 Ltd 10% 5% 45% 95% Son 6 Ltd Son 7 Ltd (a) Reproduce and complete the following controlling and non-controlling interest table. Show your calculations. (b) What percentage of the voting in Son 7 Ltd will be controlled by the Daddy Ltd? (c) What percentage of the dividend declared by Son 7 Ltd will be received by the Daddy Ltd? Daddy Interest Son 5 Son 6 Son 3 Son 1 Son 4 Son 2 Son 7 Direct % Indirect % Non-controlling Interest Direct % Indirect % Total

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The Daddy Group has the following group structure:
Daddy Ltd
80%
80%
27%
Son 1 Ltd
Son 2 Ltd
Son 3 Ltd
70%
55%
30%
Son 4 Ltd
Son 5 Ltd
10%
5%
45%
95%
Son 6 Ltd
Son 7 Ltd
(a) Reproduce and complete the following controlling and non-controlling interest table. Show
your calculations.
(b) What percentage of the voting in Son 7 Ltd will be controlled by the Daddy Ltd?
(c) What percentage of the dividend declared by Son 7 Ltd will be received by the Daddy Ltd?
Daddy Interest
Son 5
Son 6
Son 3
Son 1
Son 4
Son 2
Son 7
Direct %
Indirect %
Non-controlling
Interest
Direct %
Indirect %
Total
Transcribed Image Text:The Daddy Group has the following group structure: Daddy Ltd 80% 80% 27% Son 1 Ltd Son 2 Ltd Son 3 Ltd 70% 55% 30% Son 4 Ltd Son 5 Ltd 10% 5% 45% 95% Son 6 Ltd Son 7 Ltd (a) Reproduce and complete the following controlling and non-controlling interest table. Show your calculations. (b) What percentage of the voting in Son 7 Ltd will be controlled by the Daddy Ltd? (c) What percentage of the dividend declared by Son 7 Ltd will be received by the Daddy Ltd? Daddy Interest Son 5 Son 6 Son 3 Son 1 Son 4 Son 2 Son 7 Direct % Indirect % Non-controlling Interest Direct % Indirect % Total
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