Peter Limited Has an Ownership Interest of 80% in a Subsidiary

question 49

Multiple Choice

Peter Limited has an ownership interest of 80% in a subsidiary John Limited. John Limited owns 60% of Joseph Limited. At acquisition date the retained earnings of Joseph Limited were $200 000. At consolidation date, the retained earnings of Joseph Limited were $440 000. The indirect non-controlling interest in the retained earnings of Joseph Limited is calculated as:

• A) $0.
• B) $24 000.
• C) $28 800.
• D) $52 800.

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Definitions:

Pornography

Materials (such as books, magazines, videos, or online content) depicting sexual content intended to cause sexual arousal.

Masturbation

The self-stimulation of the genitals for sexual pleasure.

Sexual Response Sequence

The series of psychological and physiological changes that occur in the body as a person becomes sexually aroused and participates in sexually stimulating activities.

Pedophiles

Adults who are sexually attracted to prepubescent children, a condition classified as a psychiatric disorder.