Acca financial Accounting (FA) Study Text ac ca (FA)

consolidated statement of profit or loss? 

A $33,300 

B $78,750 

C $45,000 

D $77,700 

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Chapter 23 

KAPLAN PUBLISHING

499 

118  K Co acquired 60% of the ordinary share capital of Special Co five years 

ago. The following information relates to Special Co for the year ended 

30 September 20X3: 

$

Sales revenue 

960,000 

Cost of sales 

540,000 

Administration expenses 

180,000 

Taxation

60,000

What is the profit attributable to the non-controlling interest in the 

consolidated statement of profit or loss? 

$________ 

119  P Ltd acquired 60% of the ordinary shares of S Ltd several years ago 

when the reserves of S stood at $980. In the year ended 31 July 20X7 P 

sold goods to for $600. The goods had been initially purchased by P for 

$500. At the reporting date half of those goods still remained in inventory.