Reproduce and complete the following controlling and non-controlling interest table. Show your calculations.Daddy InterestSon 1Son 2Son 3Son 4Son 5Son 6Son 7Direct % Indirect % Non-controlling Interest Direct % Indirect % Total The Daddy Group has the following group structure:Daddy Ltd80%80%27%Son 1 LtdSon 2 LtdSon 3 Ltd70%55%30 %Son 4 LtdSon 5 Ltd10%5%45%95%Son 6 LtdSon 7 Ltd

Non controlling interest is the equity share of ownership in a subsidiary's equity.

Answered: The Daddy Group has the following group…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

Reproduce and complete the following controlling and non-controlling interest table. Show your calculations.

Daddy Interest	Son 1	Son 2	Son 3	Son 4	Son 5	Son 6	Son 7
Direct %
Indirect %
Non-controlling Interest
Direct %
Indirect %
Total

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

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