How much is the carrying value of the  Investment in associate-Yellow  at Dec 31, 20X2? 2,372,000 2,442,400 2,612,000 12,042,400       On Jan 2, 20X1, ABC acquired 20% of the 400,000 ordinary shares of Yellow Co at P30 per share. The following data are applicable for 20X1 and 20X2:                                                                      20X1                    20X2  Yellow dividends                                       40,000                 48,000 Yellow profit                                            140,000               160,000 Yellow share market price at year end            32                    31   How much is the carrying value of the  Investment in associate-Yellow  at Dec 31, 20X1?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
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On Jan 2, 20X1, ABC acquired 20% of the 400,000 ordinary shares of Yellow Co at P30 per share. The following data are applicable for 20X1 and 20X2:

                                                                     20X1                    20X2

 Yellow dividends                                       40,000                 48,000

Yellow profit                                            140,000               160,000

Yellow share market price at year end            32                    31

 

How much is the carrying value of the  Investment in associate-Yellow  at Dec 31, 20X2?

2,372,000

2,442,400

2,612,000

12,042,400

 

 

 

On Jan 2, 20X1, ABC acquired 20% of the 400,000 ordinary shares of Yellow Co at P30 per share. The following data are applicable for 20X1 and 20X2:

                                                                     20X1                    20X2

 Yellow dividends                                       40,000                 48,000

Yellow profit                                            140,000               160,000

Yellow share market price at year end            32                    31

 

How much is the carrying value of the  Investment in associate-Yellow  at Dec 31, 20X1?

2,388,000

2,420,000

2,500,000

12,020,000

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