Thorpe Ltd Owns 70% of the Issued Share Capital of Perkins

question 16

Multiple Choice

Thorpe Ltd owns 70% of the issued share capital of Perkins Ltd.Perkins Ltd owns 80% of the issued share capital of Hackett Ltd and 60% of the issued share capital of Klim Ltd.For the year ended 31 December 20X0 each company reported the following profits/(losses) :
$\begin{array} { l c } & \$ \\\text { Thorpe Ltd } & ( 800000 ) \\\text { Perkins Ltd } & ( 600000 ) \\\text { Hackett Ltd } & 700000 \\\text { Klim Ltd } & 700000\end{array}$
-What are the amounts of the NCI's direct and indirect interest in Hackett Ltd's profit for this financial year?

• A)
• \(\begin{array}{ll}
• \text { Direct (\$) } & \text { Indirect (\$) } \\
• 140000 & 168000
• \end{array}\)
• B)
• \(\begin{array} { l l }
• \text { Direct (\$) } & \text { Indirect (\$) } \\
• 140000 & 392000
• \end{array}\)
• C)
• \(\begin{array} { l l }
• \text { Direct (\$) } & \text { Indirect (\$) } \\
• 168000 & 140000
• \end{array}\)
• D)
• \(\begin{array} { l l }
• \text { Direct (\$) } & \text { Indirect (\$) } \\
• 168000 & 392000
• \end{array}\)

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