The Following Information Relates to Questions 17 to 21
Waratah $\bullet$

question 8

Multiple Choice

The following information relates to questions 17 to 21
Waratah Ltd acquired a 60% ownership interest in Bottle Brush Ltd on 30 June 2013. On the same day, Bottle Brush Ltd acquired a 70% ownership interest in Honeydew Ltd.
The following interentity transactions have taken place between the entities in the group during the years ended 30 June 2014 and 30 June 2015:
$\bullet$ On 1 July 2013 Bottle Brush sold an item of plant to Honeydew for a profit of $20 000. The remaining useful life of the plant at the date of transfer was 4 years.
$\bullet$ On 1 September 2013, Honeydew paid a dividend of $70 000 from profits earned since 30 June 2013.
$\bullet$ Waratah lent $50 000 to Bottle Brush on 1 January 2014. Interest charged on the loan for the year ended 30 June 2014 was $2000 and for the year ended 30 June 2015 was $4000.
On 31 May 2014 Honeydew sold inventory to Waratah for $15,000. Profit earned on the sale was $5000. Waratah sold the inventory to external parties on 1 August 2014.
Details of profits earned by entities within the group for the years ended 30 June 2014 and 30 June 2015 are:

The tax rate is 30%.
-The NCI share of profit in Honeydew for the year ended 30 June 2015 is:

• A) $9 450
• B) $11 550
• C) $18 270
• D) $22 330

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Definitions:

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about a number of different things.

Manic Episode

A period of abnormally elevated mood, energy, and activity levels, often characteristic of bipolar disorder.

Schizophrenia

A mental disorder characterized by disturbances in thought, perception, and behavior, leading to a detachment from reality (psychosis).

Panic Disorder

A mental health condition characterized by recurring panic attacks and persistent anxiety about having further attacks.