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Maggie Ltd has significant influence over the operations of Hill Ltd from a 18% ownership. Maggie Ltd prepares consolidated financial statements. Hill Ltd reported a

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Maggie Ltd has significant influence over the operations of Hill Ltd from a 18% ownership. Maggie Ltd prepares consolidated financial statements. Hill Ltd reported a profit of $5,000,000 and paid a cash dividend from post-acquisition profits of $180,000 to Maggie Ltd. What is the difference between the balances of the account 'lnvestment in Hill Ltd' in Maggie Ltd's own financial statements when compared with that balance in its consolidated financial statements for this year? The account balance in Maggie Group consolidated financial statements would be: Select one: 0 higher by $720,000 0 lower by $867,600 0 lower by $720,000 0 higher by $867,600

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