Minority Interest(10%) - $12320, Nominal Value of Investment in Subsidiary(90%) - $50400. What is the amount of profit in Subsidiary?

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Elsayed Abdel Monem Sayed Abdel Halim PMP
04-January-2015

Accounting Auditing Banking Finance Management

Question added by Jijumon James , SENIOR ACCOUNTANT , BADR AL SAMAA HOSPITAL
Date Posted: 2015/01/16

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by Faisal Khan , Audit Manager , Asad Rasul & Company Chartered Accountant

Profit of the subsidiary will be distributed in the following ratio

Group 90%

NCI 10%

NCI stands for non controlling interest

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