The following statements of shareholders' equity were prepared for Harnham Hill Ltd,a 20% owned associate of the parent entity Delville Wood Ltd,at June 30 (amounts in thousands) : 
Other information:
I.On July 1 20X3,Delville Wood Ltd acquired its 20% investment for a cash outlay of $2,000,000.
II.During the year ended June 30 20X8,Harnham Hill Ltd earned a profit of $1,400,000 before tax (income tax expense $400,000) and paid a dividend of $500,000.
III.Any goodwill element in the cost of the investment had not been impaired in the investment period.
In preparing the consolidated financial statements for the year ended June 30 20X8,the adjustment to recognise the equity of Delville Wood Ltd in its associate would be:
Definitions:
Q6: A reporting entity is a single entity
Q9: Preference shares of a subsidiary not owned
Q19: Where the shareholder's equity of a subsidiary
Q22: Assets owned by a subsidiary acquired during
Q25: The carrying amount of property plant and
Q27: Parent Ltd owns 90% of S1 Ltd
Q29: Which of the following factors indicate that
Q33: Where the value of an investment in
Q34: Goodwill recorded by an acquiree in a
Q36: Investors that are not parent entities must