The Share Capital, General Reserve and Profit and Loss Account (Cr.) of B. Ltd. stood at Rs. 6,00,000 (divided into 60,000 shares of Rs. 10 each), Rs. 1,20,000 and Rs. 1,80,000 respectively. A majority of 40,000 shares had been acquired by A. Ltd. and at the time of acquisition undistributed profit and General Reserve amounted to Rs. 1,00,000. The present value of the minority interest would be:
A. Rs. 2,00,000
B. Rs. 2,60,000
C. Rs. 2,66,667
D. Rs. 3,00,000
Answer: Option D
This Question Belongs to Commerce >> Accounting
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