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 total NCI in Klim Ltd's net result for this financial year?
A) $420 000 profit
B) $406 000 profit
C) $490 000 profit
D) $280 000 profit
Correct Answer:
Verified
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