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What the balance of the investment in associate account

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Question - Dodo Limited acquired a 30% interest in Bob Limited for $54,000. Dodo holds other equity investments but does not prepare consolidated financial statements. Bob Limited revalued its buildings upwards by $20,000 during the current financial period. What the balance of the investment in associate account at the end of the current financial period?

a. $36,200.

b. $60,000.

c. $54,000.

d. $22,200.

Reference no: EM133062306

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