Jadugar acquired 70% of the 200,000 equity shares of Jadugarni, its only subsidiary, on 1 April 20X8 when the retained earnings

Excerpt
The market value of Jadugarni shares at the date of acquisition was Rs.1.75. At 31 March 20X9 the retained earnings of Jadugarni were Rs.750,000. At what amount should the noncontrolling interest appear in the consolidated statement of financial position of Jadugar at 31 March 20X9?

Jadugar acquired 70% of the 200,000 equity shares of Jadugarni, its only subsidiary, on 1 April 20X8 when the retained earnings of Jadugarni were Rs.450,000. The carrying amounts of Jadugarni’s net assets at the date of acquisition were equal to their fair values apart from a building wch had a carrying amount of Rs.600,000 and a fair value of Rs.850,000. The remaining useful life of the building at the acquisition date was 40 years. Jadugar measures non-controlling interest at fair value, based on share price. The market value of Jadugarni shares at the date of acquisition was Rs.1.75. At 31 March 20X9 the retained earnings of Jadugarni were Rs.750,000. At what amount should the noncontrolling interest appear in the consolidated statement of financial position of Jadugar at 31 March 20X9?

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