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    Question

    Parent Co. holds 80% in Subsidiary Co. The subsidiary

    reports profit of ₹10 lakh. What is the amount of minority interest in the consolidated P&L?
    A ₹8 lakh Correct Answer Incorrect Answer
    B ₹2 lakh Correct Answer Incorrect Answer
    C ₹10 lakh Correct Answer Incorrect Answer
    D ₹0 Correct Answer Incorrect Answer

    Solution

    Minority interest = % not held by parent = 20% of ₹10L = ₹2 lakh

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