The non–controlling interest in respect

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Reference no: EM131257605

The called up share capital of Jerry consists of the following:

1,000,000 ordinary shares of €1 each

800,000 10% preference shares of €1 each

On 1 April 20x4, Tom acquired 80% of the ordinary shares in Jerry. The income statement of Jerry foe year ended 31 December 20x4, disclosed net profit of € 320,000.

The non–controlling interest in respect of Jerry which was shown on the consolidated statements of Tom for the year ended 31 December 20x4 was:

a) € 36,000

b) € 48,000

c) € 64,000

d) € 96,000

Reference no: EM131257605

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