Reading Financial Statements Test
Module 7 • 10 Questions
Question 1 of 10
0 of 10 answered
ABC Limited owns 80% of XYZ Limited. XYZ's standalone balance sheet shows fixed assets 250, current assets 50, equity 200 and a loan 100. What minority (non-controlling) interest appears in ABC's consolidated balance sheet?
A
160, being ABC's investment in XYZ
B
40, being 20% of (XYZ assets 300 less XYZ liabilities 100)
C
60, being 20% of XYZ's total assets of 300
D
20, being 20% of XYZ's loan and equity difference of 100