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At 1/7/2013 Liverpool .Co invest in 40% in Arsenal by paying 600000 cash. During 2013-2014 the following transactions were found: Arsenal. reported a profit of

At 1/7/2013 Liverpool .Co invest in 40% in Arsenal by paying 600000 cash. During 2013-2014 the following transactions were found: Arsenal. reported a profit of 50000 , and paid dividends of 20000. And the assets revaluation surplus increased by 20000. At 30/6/2014 what is the balance of investment in associate (Arsenal)? Select one: a. None of given choices b. 624000 c. 620000 d. 660000

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