4.The amount of the investors initial investment in Aspect Cos shares is $40,000. The investor...
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4.The amount of the investors initial investment in Aspect Cos shares is $40,000. The investor has a 30% ownership interest to which the investor applies equity method. The table summarises the associates profit (loss) for each year. At what amount will investor report its investment in Aspect Co in its consolidated statements of financial position at the end of each financial year?
At the end of
Profit (loss) of the associate
The investment in the associate in the consolidated statement of financial position
$000
$000
1
50
2
(180)
3
100
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