a) Reproduce and complete the following controlling and non-controlling interest table. Show your calculations. (b) What percentage of the voting in Son 7 Ltd will be controlled by the Daddy Ltd? (c) What percentage of the dividend declared by Son 7 Ltd will be received by the Daddy Ltd?
a) Reproduce and complete the following controlling and non-controlling interest table. Show your calculations. (b) What percentage of the voting in Son 7 Ltd will be controlled by the Daddy Ltd? (c) What percentage of the dividend declared by Son 7 Ltd will be received by the Daddy Ltd?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q) The Daddy Group has the following group structure:
Daddy Ltd
80% 80%
27%
Son 1 Ltd Son 2 Ltd Son 3 Ltd
70% 55%
30%
Son 4 Ltd Son 5 Ltd
10% 5% 4 5% 95%
Son 6 Ltd Son 7 Ltd
(a) Reproduce and complete the following controlling and non-controlling interest table. Show your calculations.
(b) What percentage of the voting in Son 7 Ltd will be controlled by the Daddy Ltd?
(c) What percentage of the dividend declared by Son 7 Ltd will be received by the Daddy Ltd?
Daddy interest | Son 1 | Son 4 | Son 2 | Son 5 | Son 7 | Son 6 | Son 3 |
Direct% | |||||||
Indirect% | |||||||
Non controlling interest | |||||||
Direct % | |||||||
Indirect % | |||||||
Total |
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