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XYZ Buys a 24% Share in ABC for $80m

question 37

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XYZ buys a 24% share in ABC for $80m.ABC's total net profit is $50m and it pays $4m in dividends to XYZ.Using the equity method,the revenue recognised for this investment during the year would be:

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Definitions:

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A plan or approach designed to avert or reduce the risk of diseases and other health problems before they occur.

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Foods that have been altered from their natural state, often for safety reasons or convenience, which can sometimes lead to reduced nutritional value.

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