The Pre-Acquisition Entry for the Baxter Group in Order to Consolidate

question 44

Multiple Choice

The pre-acquisition entry for the Baxter group in order to consolidate a 60% interest in a subsidiary contained the following debits. Retained earnings $6000, share capital $12 000, general reserve $2400, BCVR $1200. The direct non-controlling interest's share of the subsidiary's equity at the date of acquisition is:

• A) $8640.
• B) $14 400.
• C) $12 960.
• D) $21 600.

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Definitions:

Studio Mogul

A powerful executive in the film industry who owns or manages a film studio, influencing the production and distribution of movies.

American President

The elected head of state and government of the United States, serving as the executive branch's leader in the federal government.

Documentary Short

A non-fiction film of relatively short duration that documents reality, primarily for the purposes of instruction, education, or maintaining a historical record.

Biograph

An early American motion picture company, known for its pioneering role in the development of cinema in the late 19th and early 20th centuries.