i need typed answer with explanation [S] The following information relates to Billie Ltd....
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i need typed answer with explanation [S]
The following information relates to Billie Ltd. Since the date of acquisition, Billie Ltd has held interests in multiple subsidiaries totalling DNCI of 25%, and INCI of 15%.
The following summarised financial information is provided:
Retained earnings at DOA
$117,000
Retained earnings at 1/7/2021
$476,000
Current period profit for year ended 30/6/2022
$236,000
a) Based on the financial information provided, prepare the calculations for the NCI allocation (using the NCI memorandum method) for the period ended 30 June 2022.
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