A Sub-Subsidiary Provides the Following Information: the Sub-Subsidiary Is Owned

question 11

Multiple Choice

A sub-subsidiary provides the following information: The sub-subsidiary is owned 60% by its parent,which is owned 80% by the ultimate parent.
Retained profits at the date of acquisition are $400.
Profit for the year first is $200.
The total indirect NCI is:

• A) $72.
• B) $48.
• C) $24.
• D) none of the above.

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Definitions:

BIOS

Basic Input/Output System, firmware used to initialize hardware during the booting process and provide runtime services for operating systems.

Configurations

Settings or parameters defining how a system or device is set up.

Windows Operating System

A family of graphical operating systems developed, marketed, and sold by Microsoft, used widely on personal computers and servers.

Kernel

The core component of a computer's operating system that manages communications between hardware and software.