hard20 pts · first answer countsconsolidationassociates
Carrying amount of an associate
An investor bought 30% of an associate for ₹50,00,000 at the start of the year. The associate made a profit of ₹20,00,000 and paid total dividends of ₹5,00,000 during the year. What is the carrying amount of the investment at year end under the equity method?
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