FSLC Assesment 2 Task 6 NCI

ThomasD48

Hi how do i get the Non-controlling interest figure in the statement of financial position? ive tried it every different way and cant get the given answer of 309!

Amy_T

Hi Thomas, you get this figure by taking the purchase cost for the shares and voting rights of 830,000 multiplying this by 30% (the difference between the acquired % and 100 (100-70=30) then adding the retained earnings of 60,000. Total calculation > 830 x 30% = 249 + 60 = 309.

Thanks!