Question
On Jan 1, 20x1, AAA Corporation purchased 25% of the common shares of BBB Corporation for $210,000. During 2017, BBB Corporation reported profit of $80,000
On Jan 1, 20x1, AAA Corporation purchased 25% of the common shares of BBB Corporation for $210,000. During 2017, BBB Corporation reported profit of $80,000 and paid cash dividends of $50,000. What is the balance of the investment in Associate-BBB Corp. Common Shares account on the books of AAA Corporation at Dec 31, 20x1?
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Financial Accounting Theory
Authors: Craig Deegan
2nd Edition
0077126734, 978-0077126735
