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

Accounting Auditing Banking Finance Management
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Question added by Jijumon James , SENIOR ACCOUNTANT , BADR AL SAMAA HOSPITAL
Date Posted: 2015/01/16
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Faisal Khan
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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