An investor company holds 45% of shares, valued at $80 000, in its associate company....
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Accounting
An investor company holds 45% of shares, valued at $80 000, in its associate company. It has also given a loan of $70 000 to its associate company on 1 January 2013. The associate company has incurred losses of $100 000 for the financial year end 31 December 2013. What is the value of the investment in the associate company reported in the financial statements of the investor company for the year end 2013?
A) $105 000
B) ($45 000)
C) ($50 000)
D) $35 000
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