PQ uses the fair value method for non-controlling interest at acquisition.


PQ uses the fair value method for non-controlling interest at acquisition.

Calculate the amount that will be shown as the share of profit of associate in PQ’s consolidated statement of profit or loss for the year ended 31 December 20X0.
A . $10,000
B . $2,000
C . $4,000
D . $3,200

Answer: B

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