ones Ltd acquired 8 100 ordinary shares for R15 400 in Dunn Ltd, a company in the motor industry on 1 July 2006 when the retained earnings of Dunn Ltd were R8 000 and 18 000 ordinary shares worth R36 000. Bones Ltd exercises significant influence over the management of financial policies of Sound Ltd. Calculate the excess of fair value over cost of the investment in associate. Select one: a. R7 400 b. R4 400 c. R28 600 d. Rnil

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