Petros Limited Is a Subsidiary of Butros Limited

Multiple Choice

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

A) $8 000.
B) $16 000.
C) $24 000.
D) $32 000.