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What amount in respect of the non-controlling interest be

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Question 1: The Elf Co. acquired a 60% interest in the Pea Co. when Pea's equity comprised share capital of P 100,000 and retained earnings of P 150,000. Pea's current statement of financial position shows share capital of P 100,000, a revaluation reserve of P 75,000 and retained earnings of P 300,000. Under IFRS 10, Consolidated Financial Statements, what amount in respect of the non-controlling interest should be included in Elf Co.'s consolidated statement of financial position?

Reference no: EM132674412

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