A Ltd Holds a 60% Interest in B Ltd

question 19

Multiple Choice

A Ltd holds a 60% interest in B Ltd. On 1 January 2014 B Ltd paid an interim dividend of $25 000 and on 30 June 2014 B Ltd declared a final dividend of $15 000.
The NCI journals at 30 June 2014 will include which of the following?

• A) DR Interim dividend paid $10 000
• B) DR NCI $16 000
• C) CR Dividend receivable $6 000
• D) CR Final dividend declared $9 000

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Definitions:

Corticosteroid

A type of steroid hormone that reduces inflammation and suppresses the immune response.

Eardrum

A thin membrane that separates the outer ear from the middle ear and vibrates in response to sound waves.

Bulging

The act of swelling, protruding, or sticking out beyond the usual surface level, often indicative of an underlying condition or pressure buildup.

Palpate

The technique of examining parts of the body by touch, especially for medical purposes to detect abnormal conditions.