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What is the balance of investment in associate

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Question 1: At 1/7/2013 Liverpool .Co invest in 40% in Arsenal by paying 600000 cash. During 2013-2014 the following transactions were found: Arsenal. reported a profit of 50000 , and paid dividends of 20000. And the assets revaluation surplus increased by 30000. At 30/6/2014 what is the balance of investment in associate (Arsenal)?

Select one:

a. None of given choices
b. 624000
c. 660000
d. 40000

Reference no: EM132864985

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