alleryStart learning →A 40% held associate revalues assets with a surplus of Rs 2,00,000. Adjustment to carrying amount?
ARs 2,00,000
BRs 80,000
CRs 1,20,000
DRs 40,000
Answer & Solution
Correct answer: B. Rs 80,000
Revaluation changes the investee's equity, so the investor adds its 40% share, Rs 80,000, to the carrying amount.
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