question archive John Ltd, an ultimate parent reporting entity, controls 65% of the ordinary voting shares of Daisy Ltd
John Ltd, an ultimate parent reporting entity, controls 65% of the ordinary voting shares of Daisy Ltd
Subject:AccountingPrice: Bought3
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? a. 45% b. 40% O c. 30% O d. 3 35%
