Petros Limited Is a Subsidiary of Butros Limited

question 9

Multiple Choice

Petros Limited is a subsidiary of Butros Limited.When Butros acquired its 60% interest the retained earnings of Petros Limited were $20 000.At the beginning of the current period Petros Limited's retained earnings had increased to $50 000.Petros earned profit of $10 000 during the current period.The share of the non-controlling interest in the equity of Petros Limited at reporting date is:

• A)$24 000
• B)$32 000
• C)$36 000
• D)$48 000.

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Definitions:

Organizational Socialization

The method by which new staff members acquire the necessary attitudes, knowledge, skills, and behaviors to operate successfully in a company.

Adjustment Process

A method or series of actions taken to adapt or conform to new conditions or changes.

Reality Shock

The stress and disorientation that individuals experience when they encounter a significantly different reality from their expectations.

Pre-employment Stage

The phase in the hiring process before an individual becomes an official employee, typically involving recruitment, interviews, and assessments.