John Ltd, an ultimate parent reporting entity, controls 65% of the ordinary voting shares of Daisy Ltd. Daisy Ltd has recently acquired a 10% interest in Wick Ltd. John Ltd has a 35% interest in Wick Ltd. What is the equity accounted interest in Wick Ltd that will be reported in the consolidated financial statements of John Ltd Group? Oa. 45% O b.40% O C. 30% O d. 35%

Aa.14.

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. The amount of "non-controlling interest” in A Ltd's consolidated statement of financial position as at 31 December 20x8 should be: $260 million. $274 million. $270 million. None of the listed choices. $267 million.

Computing consolidated earnings per share (EPS) Assume the following facts about a parent and its 75% owned subsidiary company: Parent Net income Common shares outstanding Convertible preferred stock Convertible bonds $180,000 50,000 Dividends = $17,100 Convertible into 9,000 shares of common stock a. Compute basic earnings per share $ b. Compute diluted earnings per share LA Subsidiary $45,000 22,000 (16,500 = 75% owned by parent) Interest expense after tax = $7,200 Convertible into 4,500 shares of common stock