AssociateForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › AssociateThis topic has 3 replies, 2 voices, and was last updated 3 years ago by Stephen Widberg.Viewing 4 posts - 1 through 4 (of 4 total) AuthorPosts January 25, 2021 at 7:16 pm #608001 tajwartasinParticipantTopics: 58Replies: 80☆☆Sir, suppose a company invested in a 25% interest in an associate and associate has also earned profits of say 15m, then will there be any impact on equity, of this profit or will it only impact on income statement? January 26, 2021 at 2:25 pm #608117 Stephen WidbergKeymasterTopics: 15Replies: 3227☆☆☆☆☆Profits up means retained earnings up which means equity up.Don’t forget that equity = SC + reserves January 27, 2021 at 8:27 am #608193 tajwartasinParticipantTopics: 58Replies: 80☆☆thanks January 27, 2021 at 1:26 pm #608242 Stephen WidbergKeymasterTopics: 15Replies: 3227☆☆☆☆☆No worries.AuthorPostsViewing 4 posts - 1 through 4 (of 4 total)The topic ‘Associate’ is closed to new replies.