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Beach Limited Is a Subsidiary of Golden Limited

question 33

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Beach Limited is a subsidiary of Golden Limited. When Golden acquired its 70% interest in Beach, the retained earnings of Beach Limited were $40 000. At the beginning of the current period, Beach Limited's retained earnings had increased to $100 000. Beach also earned profit of $20 000 during the current period. The NCI's share of the equity of Beach Limited at reporting date is:


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