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Back to Library QID: #86167

Solution for QID #86167: John Ltd, an ultimate parent reporting entity, controls 65% | StudyHelpMe

Subject: Accounting
Status: Made to Order
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%
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