The Noor group prepared the following acquisition date entry in order to consolidate a 70% indirect interest in a subsidiary. Retained earnings $35 000, Share capital $70 000, BCVR $21 000. The amount attributable to the indirect non-controlling interest is:

Question

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The amount attributable to the indirect non-controlling interest is 30% of the total equity of the subsidiary, which is $35,000 + $70,000 + $21,000 = $126,000. Therefore, the amount attributable to the indirect non-controlling interest is $126,000 x 30% = $37,800.

The Noor Group Prepared the Following Acquisition Date Entry in Order