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A Subsubsidiary Provides the Following Information: the Subsubsidiary Is Owned

Question 13

Multiple Choice

A subsubsidiary provides the following information: The subsubsidiary is owned 60% by its parent which is owned 80% by the ultimate parent
Retained profits at the date of acquisition $400
Profit for the year first $200
The total indirect NCI is:


A) $72
B) $48
C) $24
D) none of the above

Correct Answer:

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