What Would Be the Non-Controlling Interest Amount Appearing on Kho's

question 32

Multiple Choice

What would be the non-controlling interest amount appearing on Kho's Consolidated Statement of Financial Position on the date of acquisition?

• A)$66,667.
• B)$30,000.
• C)$29,936.
• D)$120,000.

---

Definitions:

Debt Discharged

The condition in which a debt is legally eliminated, and the debtor is no longer financially obligated to pay it back.

Substituted Agreement

A legal principle where the parties involved agree to replace a previously made agreement or contract with a new one.

Fence Repairs

Maintenance actions taken to fix or restore fences to their original condition or functionality.

Ancient Literary Figure

Prominent authors or characters from literature that originated during ancient times, contributing significantly to the canon of classical literature.