Find the amount of non-controlling interest

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Question - As at 31 December 20x8, A Ltd's net assets are represented by share capital of $500 million and retained profit of $500 million, B Ltd's net assets are represented by share capital of $200 million and retained profit of $500 million, and C Ltd's net assets are represented by share capital of $100 million and retained profit of $300 million. B Ltd acquired 70% of C Ltd in 20x5 when C Ltd's retained profit was $200 million. A Ltd acquired 80% of B Ltd in 20x6 when B Ltd's retained profit was $400 million and C Ltd's retained profit was $250 million. Find the amount of "non-controlling interest" in A Ltd's consolidated statement of financial position as at 31 December 20x8?

(A) 270 million

(B) 274 million

(C) $260 million

(D) none of the above

(E) 267 million

Reference no: EM132856816

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