What carrying amount of investment in associate to aruna ltd

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On 1 July 2020, Adina Ltd acquired a 25% interest in Aruna Ltd for $62,000. For the year ended 30 June 2021, Aruna Ltd reported profits after tax of $30,000 and paid a dividend of $8,000. Adina Ltd prepares consolidated financial statements and applies equity accounting for its associates.

Problem 1: For the year ended 30 June 2021, the carrying amount of the investment in associate relating to Aruna Ltd is:

Option 1: $67,500

Option 2: $62,000

Option 3: $84,000

Option 4: $69,500

Reference no: EM132994525

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