John Ltd, an ultimate parent reporting entity, controls 75% of the ordinary voting shares of...
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Accounting
John Ltd, an ultimate parent reporting entity, controls 75% of the ordinary voting shares of Echidna Ltd. Echinda Ltd has recently acquired a 10% interest in Wick Ltd. John Ltd has a 25% 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. 35%
b. 40%
c. 25%
d. 30%
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