Peter Limited Has an Ownership Interest of 80% in a Subsidiary

Multiple Choice

Peter Limited has an ownership interest of 80% in a subsidiary John Limited. John Limited owns 60% of Joseph Limited. At acquisition date the retained earnings of Joseph Limited were $200 000. At consolidation date, the retained earnings of Joseph Limited were $440 000. The indirect non-controlling interest in the retained earnings of Joseph Limited is calculated as:

A) $0.
B) $24 000.
C) $28 800.
D) $52 800.