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What is the non-controlling interest in the operating profit

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Question - Boss Co. owns 85% of the issued capital of Swine Co. During the period ended December 31, 2016, the operating profit of Swine was P680,000. Boss bought goods for P540,000 from Swine. The goods cost Swine P400,000 and at the end of the period none of this inventory was still on hand. Swine paid Boss a management fee of P100,000 during the period. Goodwill on consolidation was impaired by P30,000. Swine paid dividend of P40,000 at the end of the period. What is the non-controlling interest in the operating profit of Swine Co.?

a. 87,000

b. 112,500

c. 102,000

d. 101,969

Reference no: EM132638393

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