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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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