Petros Limited Is a Subsidiary of Butros Limited

Multiple Choice

Petros Limited is a subsidiary of Butros Limited.When Butros acquired its 60% interest the retained earnings of Petros Limited were $20 000.At the beginning of the current period Petros Limited's retained earnings had increased to $50 000.Petros earned profit of $10 000 during the current period.The share of the non-controlling interest in the equity of Petros Limited at reporting date is:

A) $24 000
B) $32 000
C) $36 000
D) $48 000.