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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 50000,

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 30000. At 30/6/2014 what is the balance of investment in associate (Arsenal)? Select one: a. 624000 b. 660000 . c. 40000 d. None of given choices

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