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Realty Group Had the Following Debits in the Pre-Acquisition Entry

Question 40

Multiple Choice

Realty Group had the following debits in the pre-acquisition entry used to consolidate a 60% direct ownership interest in a subsidiary: Retained earnings $60 000, Share capital $120 000, General Reserve $24 000, BCVR $12 000. The amount attributable to the direct non-controlling interest is:


A) $129 600.
B) $144 000.
C) $86 400.
D) $216 000.

Correct Answer:

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