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

question 23

Multiple Choice

The pre-acquisition entry for the Riley group in order to consolidate a 75% interest in a subsidiary contained the following debits: Retained earnings $16 000, share capital $80 000, general reserve $30 000, BCVR $12 000. The direct non-controlling interest's share of the subsidiary's equity at the date of acquisition is:

• A) $184 000
• B) $46 000
• C) $138 000
• D) $34 500