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Find the balance of the investment in associate account

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Question - Straw Limited acquired a 20% interest in Berry Limited for $400,000. Straw holds other equity investments but does not prepare consolidated financial statements. Berry Limited revalued its Plant downwards by $50,000 during the current financial period. Find the balance of the investment in associate account at the end of the current financial period?

a. $410,000

b. $390,000

c. $400,000

d. $350,000

Reference no: EM132846266

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