Kerry Ltd owns 70% of James Ltd.For the year ended 30 April 20X1, James Ltd reported a profit of $1 million.On 30 May 20X0, Kerry Ltd sold inventory to James Ltd for a $0.5 million profit.All of this inventory was sold by Kerry Ltd on 1 June 20X1.What is the NCI share of James Ltd's 20X1 profit?
A) $120 000
B) $150 000
C) $300 000
D) $450 000
Correct Answer:
Verified
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