Left Limited holds a 80% interest in Right Limited. Left Limited sells inventory to Right...
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Left Limited holds a 80% interest in Right Limited. Left Limited sells inventory to Right Limited during the year for $15,000. The inventory originally cost $8,000. At the end of the year 40% 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:
$392.
$Nil.
$1,960.
$2,800
A parent has an 80% ownership interest in a subsidiary. The acquisition analysis for subsidiary shows a gain on bargain purchase of $10 000. What is the NCI share of the gain on bargain purchase?
$8,000.
$Nil.
$2,000.
$10,000.
Left Limited holds a 80% interest in Right Limited. Left Limited sells inventory to Right Limited during the year for $15,000. The inventory originally cost $8,000. At the end of the year 40% 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:
$392. | ||||||||||||||
$Nil. | ||||||||||||||
$1,960. | ||||||||||||||
$2,800
A parent has an 80% ownership interest in a subsidiary. The acquisition analysis for subsidiary shows a gain on bargain purchase of $10 000. What is the NCI share of the gain on bargain purchase?
|
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