Odom Ltd purchased a 30% shareholding in Bryant Ltd on 1 Jan 2017 for $60 000. This purchase resulted in Odom Ltd having significant influence over Bryant Ltd. Bryants assets were recorded at fair values and its owners equity, totalling $180 000, was:

• share capital $80 000
• reserves $60 000 and retained profits $40 000

During 2017 Bryant Ltd reported profit of $100 000, from which a dividend of $60 000 was paid. Also during the year, Bryant Ltd revalued its assets upwards by $50 000. Odom Ltd is a non-parent entity.

For year 2017, when Odom accounts for its investment in Bryant, what is the net increase to the account of Revenue from associate?

Select one:

A. $18000

B. $30000

C. The amount is zero.

D. $12000