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

Question 27

Multiple Choice

Robinson Group had the following debits in the pre-acquisition entry used to consolidate an 80% direct ownership interest in a subsidiary: Retained earnings $240 000, Share capital $360 000, General Reserve $40 000, BCVR $28 000. The amount attributable to the direct non-controlling interest is:


A) $72 000
B) $133 600
C) $150 000
D) $167 000

Correct Answer:

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