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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: O 0 O O a. All answers are false b. 1000 c. 4100 d. 41000 40000 4000 4000 3000 3000 10% e. 40000 f. 36900

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: O 0 O O a. All answers are false b. 1000 c. 4100 d. 41000 40000 4000 4000 3000 3000 10% e. 40000 f. 36900

FINANCIAL ACCOUNTING
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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051 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: 000 6000 40000 4000 4000 3000 3000 10% a. All answers are false b. 1000 c. 4100 d. 41000 e. 40000 f. 36900 Fi
Transcribed Image Text:051 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: 000 6000 40000 4000 4000 3000 3000 10% a. All answers are false b. 1000 c. 4100 d. 41000 e. 40000 f. 36900 Fi
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