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Broncos Limited acquired a 30% interest (significant influence) in Bennett Limited for $54,000. Broncos Limited does not prepare consolidated financial statements. Bennett Limited revalued its
Broncos Limited acquired a 30% interest (significant influence) in Bennett Limited for $54,000. Broncos Limited does not prepare consolidated financial statements. Bennett Limited revalued its buildings upwards by $20,000 during the current financial period. The balance of the investment in associate account at the end of the current financial period is:
Select one:
A.
$54 000
B.
$60 000
C.
$36 200
D.
$22 200
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