alleryStart learning →A 30% stake costs Rs 5,00,000. The associate earns Rs 2,00,000 profit. Carrying amount?
ARs 5,20,000
BRs 5,00,000
CRs 5,60,000
DRs 6,00,000
Answer & Solution
Correct answer: C. Rs 5,60,000
The investor adds 30% of Rs 2,00,000, which is Rs 60,000, to the cost of Rs 5,00,000, giving Rs 5,60,000.
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