Moffatt Ltd Holds a 60% Interest in Beach Ltd

Multiple Choice

Moffatt Ltd holds a 60% interest in Beach Ltd. Beach Ltd sells inventories to Moffatt Ltd during the year for $20 000. The inventories originally cost $14 000. At the end of the year 80% of the inventories are still on hand. The tax rate is 30%. The NCI adjustment required in relation to this transaction includes which of the following?

A) DR NCI $1344
B) DR NCI share of profit/(loss) $1344
C) DR NCI $1920
D) CR NCI $1344