On January 1 st , 2011, ABC Inc. purchased 30% of the outstanding voting shares of DEF Inc, a company whose operations rely heavily on ABC's managerial involvement, for $600,000. On that date, DEF's net assets had a fair value equivalent to their book values. During 2011 and 2012, DEF Inc. earned income and paid dividends as follows: $\begin{array}{|l|l|l|} \hline & \text { Income } & \text { Dividends } \ \hline 2011 & \$ 120,000& \$ 20,000 \ \hline 2012 & \$ 180,000& \$ 30,000 \ \hline \end{array}$ -Assuming that ABC adheres to IFRS, what would be the balance in the Investment in Associate - DEF Inc. account on December 31^st, 2012?

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The Answer of On January 1 st , 2011, ABC Inc. purchased 30% of the outstanding voting shares of DEF Inc, a company whose operations rely heavily on ABC's managerial involvement, for $600,000. On that date, DEF's net assets had a fair value equivalent to their book values. During 2011 and 2012, DEF Inc. earned income and paid dividends as follows: $\begin{array}{|l|l|l|} \hline & \text { Income } & \text { Dividends } \ \hline 2011 & \$ 120,000& \$ 20,000 \ \hline 2012 & \$ 180,000& \$ 30,000 \ \hline \end{array}$ -Assuming that ABC adheres to IFRS, what would be the balance in the Investment in Associate - DEF Inc. account on December 31^st, 2012?

On January 1st, 2011, ABC Inc -Assuming That ABC Adheres to IFRS, What Would Be the Outstanding

On January 1^st, 2011, ABC Inc -Assuming That ABC Adheres to IFRS, What Would Be the Outstanding