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    Business
  3. Study Set
    Accounting for Corporate
  4. Exam
    Exam 6: Partly-Owned Subsidiaries: Indirect Non-Controlling Interest
  5. Question
    Parent Ltd Owns 20% of S1 Ltd and 80% of S2
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Parent Ltd Owns 20% of S1 Ltd and 80% of S2

Question 1

Question 1

Multiple Choice

Parent Ltd owns 20% of S1 Ltd and 80% of S2 Ltd.In addition,S2 Ltd owns 70% of S1 Ltd.The total NCI in S1 Ltd is:


A) 10%.
B) 14%.
C) 24%.
D) none of the above.

Correct Answer:

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