Solved: Exe co acquired 70 of the ordinary share capital of barle, Accounting Basics

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Exe co acquired 70 of the ordinary share capital of barle

Question - Exe Co acquired 70% of the ordinary share capital of Barle Co six years ago. The following information relates to BarleCo for the year ended 30 September 20X3.

Sales revenue 480,000

Cost of sales 270,000

Administration expenses 90,000

Taxation 30,000

What is the profit attributable to the non-controlling interest in the consolidated income statement?

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Accounting Basics: Exe co acquired 70 of the ordinary share capital of barle

Reference No:- TGS02812417

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Accounting Basics: Exe co acquired 70 of the ordinary share capital of barle

Reference No:- TGS02812417

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