Question
Dodo Limited acquired a 30% interest in Bob Limited for $54 000. Dodo holds other equity investments but does not prepare consolidated financial statements. Bob
Dodo Limited acquired a 30% interest in Bob Limited for $54 000. Dodo holds other equity investments but does not prepare consolidated financial statements. Bob 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:
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Financial Accounting Fundamentals
Authors: John J. Wild
8th Edition
1260728609, 9781260728606
