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Question 12 Not yet answered Marked out of 2.00 Flag question On 1/1/2018 Sun.Co invested in associate by purchasing 30% of outstanding common shares of

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Question 12 Not yet answered Marked out of 2.00 Flag question On 1/1/2018 Sun.Co invested in associate by purchasing 30% of outstanding common shares of Moon.Co by $ 150000 (cost of investment), on 31/12/2018, the fair value of these shares was $ 145000. Also on 31/12/2018 Moon.Co reports a profit of $ 50000 and declared dividends of $ 20000 (dividends revenues for Sun.Co). Sun.Co will present its investment in associate as one of the following choices: Select one: a. Current assets 159000 b. Non-current assets 159000 c. Non-current assets 180000 d. Current assets 154000

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