The Following Is an Extract from the Minority Interest Memorandum

question 11

Multiple Choice

The following is an extract from the minority interest memorandum, used to calculate minority interests. Both subsidiaries became members of the economic entity at the same time at the start of this current period

What is the minority indirect equity (percentage) interest in Ken Limited?

• A) 0%.
• B) 22%.
• C) 33%.
• D) 40%.
• E) Cannot determine from the information provided.

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