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On 1 January 2008, A Ltd acquired a 40% interest in B Ltd for $300...

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Accounting

On 1 January 2008, A Ltd acquired a 40% interest in B Ltd for $300 000. On this date, the retained earnings of B Ltd were $250 000. At the end of 2011, the retained earnings of B Ltd stood at $350 000. B Ltd has also declared an ordinary dividend of $50 000 in 2011. Required Calculate at what amount the investment in B Ltd will be shown in the financial statements of A Ltd for the period ending 31 December 2011.

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