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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: Select one: a. $22 200. b. $60 000. c. $54 000. d. $36 200.
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:
Select one:
a.
$22 200.
b.
$60 000.
c.
$54 000.
d.
$36 200.
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