Question

1. Caddy Co acquired 240,000 of Ambel Co's 800,000 equity shares for $6 per share on 1 October 20X4. Ambel
Co's profit after tax for the year ended 30 September 20X5 was $400,000 and it paid an equity dividend on
20 September 20x5 of $150,000. On the assumption that Ambel Co is an associate of Caddy Co
What would be the carrying amount of the investment in Ambel Co in the consolidated statement of
financial position of Caddy Co as at 30 September 20X5?

A $1,560,000
B $1,395,000
C $1,515,000
D $1,690,000​

Answer 1

Answer:

is answer is

(C) 1,515000