During the Current Year, a Partly-Owned Subsidiary Has Made a Transfer

question 16

Multiple Choice

During the current year, a partly-owned subsidiary has made a transfer from retained earnings to a general reserve. Which of the following lines would appear in the NCI journal relating to the current year's transfer?

• A) DR NCI.
• B) CR General reserve.
• C) DR Retained earnings.
• D) CR Transfer to general reserve.

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Definitions:

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Probability Sample

A sample selected from a population in a way that every element has a known and non-zero chance of being selected.

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