Petros Limited Is a Subsidiary of Butros Limited

question 6

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 closing retained earnings of Petros Limited at reporting date is:

• A) $20 000
• B) $24 000
• C) $32 000
• D) $36 000

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Definitions:

Ventromedial Hypothalamus

A region of the brain involved in regulating hunger, satiety, and body weight.

Ghrelin

A hormone produced in the stomach that stimulates appetite and promotes food intake.

Ventromedial Hypothalamus

A region of the brain that plays a critical role in regulating satiety, metabolism, and body weight.

Set Point

The point at which an individual’s “weight thermostat” is supposedly set. When the body falls below this weight, an increase in hunger and a lowered metabolic rate may act to restore the lost weight.