A Ltd Holds a 60% Interest in B Ltd

question 5

Multiple Choice

A Ltd holds a 60% interest in B Ltd.B Ltd sells inventory to A Ltd during the year for $10 000.The inventory originally cost $7 000.At the end of the year 50% of the inventory is still on hand.The tax rate is 30%.The NCI adjustment required in relation to this transaction is a debit of:

• A)NIL
• B)$420
• C)$630
• D)$1 050.

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Definitions:

Fair Reward

Just or equitable compensation or acknowledgment provided to an individual based on their contributions or efforts.

Recognition Program

A formal scheme designed to acknowledge and reward the achievements, contributions, or performance of individuals or groups.

Supportive Human Resource Practice

HR practices aimed at supporting employees' personal and professional needs to improve job satisfaction and organizational commitment.

Standard Deviation

A numerical metric that calculates the degree of spread or variability in a data set.