Thorpe Ltd owns 70% of the issued share capital of Perkins Ltd.Perkins Ltd owns 80% of the issued share capital of Hackett Ltd and 60% of the issued share capital of Klim Ltd.For the year ended 31 December 20X0 each company reported the following profits/(losses) :
-What is the amount of the ultimate parent shareholders' indirect interest in Perkins Ltd's net result for this financial year?
A) $600 000 loss
B) $490 000 loss
C) $420 000 loss
D) Nil
Correct Answer:
Verified
Q1: A Ltd acquires 60% of B Ltd
Q2: Mount Ltd owns 60% of the issued
Q3: Q5: Under AASB 127 all consolidation differences and Q6: A parent company can have direct and Q7: Consolidated statements include post-control reserves and profits
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