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Rooth Rolls Co. (RRC) owns a 40% investment in Beths Baps Inc. (BBI). Since the date of acquisition of BBI to the year ended 30
Rooth Rolls Co. (RRC) owns a 40% investment in Beths Baps Inc. (BBI). Since the date of acquisition of BBI to the year ended 30 June 20X7, RRC's investment in BBI has been impaired by $25,000. During the year ended 30 June 20X8, the investment in BBI was furthered by $10,000. BBI's profit for the year ended 30 June 20X8 is $120,000. What is the figure for share of profits of the associate to be included in RRC's consolidated statement of profit or loss and other comprehensive income for the year ended 30 June 20X8? Do not include symbols, commas, or letters in your response
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