Page 342 - SBR Integrated Workbook STUDENT S18-J19
P. 342
Chapter 21
Example 4
Associates
Green’s statement of profit or loss reports ‘share of profit of associate’ of $4
million and the statement of other comprehensive income reports 'share of
other comprehensive income of associate' of $1 million.
A new associate entity was purchased during the year for $3 million.
The opening and closing statements of financial position show:
Closing Opening
$m $m
Investment in associate 12 10
Calculate the dividends received from associates during the year.
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