Fleming Ltd

question 10

Multiple Choice

Fleming Ltd.acquired 75% of Donner Ltd.at April 30,20X1.Both companies have April 30^th year-ends.Which of the following should be made to the opening non-controlling interest (NCI) balance to arrive at the April 30,20X2 NCI balance on Fleming's statement of financial position?

• A)Add in the NCI's share of Donner's fiscal 20X2 net income and subtract the NCI's share of Donner's dividends declared.
• B)Subtract the NCI's share of Donner's fiscal 20X2 net income and add in the NCI's share of Donner's dividends declared.
• C)Add in both the NCI's share of Donner's fiscal 20X2 net income and dividends declared.
• D)Subtract both the NCI's share of Donner's fiscal 20X2 net income and dividends declared.

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