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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Associates
On 1 June 20X3, S acquired 25,000 equity shares in A for $300,000. At the date of acquisition, A had in issue
100,000 $1 equity shares. A generated profits for the year of $235,000 and paid a dividend of $40,000.
Calculate the carrying amount of the investment in associate to appear in the group statement of
financial position as at 31 December 20X3, assuming the profits accrue evenly during the year.
Hi,
If you could please look to attempt the question first I can then look to see if you are correct and point you in the direction of where you might be going wrong. I’m not available to just answer full questions for you.
I’d recommend that you look to use equity accounting to start with.
Thanks