In the above question, control over C ltd was acquired on 01.10.2016. Hence only the profits earned after DT of acquisition should be allocated to parent & NCI. However, profits of 8000( ie 16000/2) & reserves( assuming it to be pre acquisition)have also been distributed to parent & NCI, which seems incorrect.
Pls guide.
Query resolved-
Reserves & profits on DT of acquisition are merely being concerned for calculating NCI & FV of Identifiable net assets.
Post acquisition profits only have been allocated to parent.