Economics · Financial Accounting
Brigham Co has owned 70% of Dorset Co for many years and holds a $5 million 8% loan note from it. Dorset Co's profit for the year ended 31 December 20X6 is $1.3 million. Brigham Co also acquired 80% of the equity shares in York Co on 1 July 20X6, whose profit for the same year is $2.4 million. Profits accrue evenly across the year. What is the total amount attributable to the non-controlling interests in the consolidated statement of profit or loss (to the nearest $'000)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$510,000✓
- 2$510,002
- 3$510,007
- 4$510,008
Correct answer
$510,000
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