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What is the balance in the investment account

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Question - Colchis Bull Company, a part of a consolidated group, acquired a 35% interest in an associate, Cyclops Company, for 30,000. In the financial period immediately following the date on which it became an associate, Cyclops Company revalued assets by 8,000, generated profits of 20,000 and declared a dividend of 6,000. What is the balance in the investment account after equity accounting has been applied?

a. 33,500

b. 36,300

c. 40,500

d. 44,400

How is the 4,000 in share of revaluation determined?

Reference no: EM133144833

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