Question text Isotope Limited acquired a 20% share in Atomic Limited for $20,000. Isotope Limited has no other investments. At the date on which it became an associate, Atomic Limited had the followin

[ad_1]

Question quotation Isotope Limited habitual a 20% divide in Atomic Limited for $20,000. Isotope Limited has no other cannonades. At the age on which it became an consort, Atomic Limited had the aftercited equity (antecedent to be at unspotted prize): Divide important $50,000 Retained rights $40,000 At the end of the financial year aftercited the cannonade, Atomic Limited generated a improvement of $6,000, proceeds were revalued by $4,000 and a dividend of $3,000 was remunerated. After adduceing the equity process of accounting, Isotope Limited allure entertain the aftercited carrying quantity for the cannonade: (You may disown tax for the purposes of this scrutiny)

Select one:

a. $22,000

b. $19,400

c. $27,000

d. $20,600

e. $20,000

f. $21,400

g. $20,800

h. $21,200

Show more

[ad_2]
Source incorporate