Solved

A Ltd Holds a 60% Interest in B Ltd

Question 19

Multiple Choice

A Ltd holds a 60% interest in B Ltd. On 1 January 2014 B Ltd paid an interim dividend of $25 000 and on 30 June 2014 B Ltd declared a final dividend of $15 000.
The NCI journals at 30 June 2014 will include which of the following?


A) DR Interim dividend paid $10 000
B) DR NCI $16 000
C) CR Dividend receivable $6 000
D) CR Final dividend declared $9 000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions