Homework Answers
a)
| Particulars | Amount($) | Amount($) |
| Cost of Investment | 32000*11 | 352000 |
Ans: b
b)
Book value of assets $1700000
Less: Book value of liabilities $600000
Net asset as on the date of acquisition of common shares $1100000
Share of investor (1100000*24/100) =$264000
Ans C which is $366880
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