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What is the amount of prepaid dividends

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Assume that company A acquired 75% of company B in 1/1/2019. The investment cost is 300,000$. The book value of inventory is more than the market value of company B was 25,000, and no inventory sold in 2019. Additionally, company B incurred loss of 60,000. Net profit of company A before profit of investment was 100,000. Also, no dividends wat to Non-controlling interest.

problem 1: What is the amount of prepaid dividends that company A should be recognize it in its statement of financial position in 31/12/2019, and what is the amount of company A year net profit/loss?

Reference no: EM132785629

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