NCI direct 20 share of equity 1708 3060 2 Retained earnings op Dr 6 000 NCI Cr

Nci direct 20 share of equity 1708 3060 2 retained

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2. NCI direct 20% share of equity: 1/7/08 – 30/6/09 (2) Retained earnings (op.) Dr 6 000 NCI Cr 6 000 (20% ($150 000 - $120 000)) 3. NCI direct 20% share of equity from 1/7/09 – 30/6/110 (2) NCI share of profit Dr 20 000 NCI Cr 20 000 (20% x $100 000) NCI Dr 10 000 Dividend paid Cr 10 000 (20% x $50 000)
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