Using the data from Question 2 the Parent Ltd NCI indirect ownership interest in S2 is:
A) 10%
B) 40%
C) 6%
D) none of the above

Question

Quizplus · Accepted Answer

The Parent Ltd's NCI indirect ownership interest in S2 is calculated by multiplying the NCI percentage in the intermediate subsidiary by the percentage ownership of that subsidiary in S2. If the NCI in the intermediate subsidiary is 20% and that subsidiary owns 30% of S2, the NCI indirect interest in S2 would be 20% * 30% = 6%.

Using the Data from Question 2 the Parent Ltd NCI