Homework Answers
| As per IFRS-3, in Equity Method, Investment increases by Net Income share and decreases by Dividend share. | |||||||
| Investment value as on Jan. 1, 2020 | $28,000 | ||||||
| +Share in Net Income | $5,400 | ||||||
| -Share in Dividend | -$3,000 | ||||||
| Investment value as on Dec. 31,2020 | $30,400 | ||||||
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