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Thorpe Ltd Owns 70% of the Issued Share Capital of Perkins

Question 16

Multiple Choice

Thorpe Ltd owns 70% of the issued share capital of Perkins Ltd.Perkins Ltd owns 80% of the issued share capital of Hackett Ltd and 60% of the issued share capital of Klim Ltd.For the year ended 31 December 20X0 each company reported the following profits/(losses) :
$ Thorpe Ltd (800000)  Perkins Ltd (600000)  Hackett Ltd 700000 Klim Ltd 700000\begin{array} { l c } & \$ \\\text { Thorpe Ltd } & ( 800000 ) \\\text { Perkins Ltd } & ( 600000 ) \\\text { Hackett Ltd } & 700000 \\\text { Klim Ltd } & 700000\end{array}
-What are the amounts of the NCI's direct and indirect interest in Hackett Ltd's profit for this financial year?


A)
 Direct ($)   Indirect ($)  140000168000\begin{array}{ll}\text { Direct (\$) } & \text { Indirect (\$) } \\140000 & 168000\end{array}

B)
 Direct ($)   Indirect ($)  140000392000\begin{array} { l l } \text { Direct (\$) } & \text { Indirect (\$) } \\140000 & 392000\end{array}
C)
 Direct ($)   Indirect ($)  168000140000\begin{array} { l l } \text { Direct (\$) } & \text { Indirect (\$) } \\168000 & 140000\end{array}
D)
 Direct ($)   Indirect ($)  168000392000\begin{array} { l l } \text { Direct (\$) } & \text { Indirect (\$) } \\168000 & 392000\end{array}

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