The following data are drawn from ABC Company at 31/12/2020 Net income for the period Gains on revaluation surplus, net of tax Accounts Payable Cash Loss on translating financial statements, net of tax Non-controlling interests is 10% of comprehensive income Under IAS 1, the comprehensive income attributable to non-controlling interests is: Select one: 50000 5000 4000 3000 3000 10% a. 50000 b. All answers are false c. 5200 d. 46800 e. 52000 f. 2000
The following data are drawn from ABC Company at 31/12/2020 Net income for the period Gains on revaluation surplus, net of tax Accounts Payable Cash Loss on translating financial statements, net of tax Non-controlling interests is 10% of comprehensive income Under IAS 1, the comprehensive income attributable to non-controlling interests is: Select one: 50000 5000 4000 3000 3000 10% a. 50000 b. All answers are false c. 5200 d. 46800 e. 52000 f. 2000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following data are drawn from ABC Company at 31/12/2020
Net income for the period
Gains on revaluation surplus, net of tax
Accounts Payable
Cash
Loss on translating financial statements, net of tax
Non-controlling interests is 10% of comprehensive income
Under IAS 1, the comprehensive income attributable to non-controlling interests is:
Select one:
50000
5000
4000
3000
3000
10%
a. 50000
b. All answers are false
c. 5200
d. 46800
e. 52000
f. 2000
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