At the beginning of the current financial year,Ratchett Insurance Ltd had investments integral to its general insurance activities with a net market value of $100 million.During the financial year,Ratchett received dividends and interest of $12 million and at the end of the year estimated that accrued interest receivable was $1 200 000.Also during the year,Ratchett acquired additional investments at a cost of $15 million and sold some investments for $14 million.The investments sold had been carried in its books at $13 million.At the end of the year,the investment portfolio had an estimated net market value of $110 million.In accordance with the requirements of Australian Accounting Standard AASB 1023 'Financial Reporting of General Insurance Activities',Ratchett should show total investment revenue for the year of:

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The Answer of At the beginning of the current financial year,Ratchett Insurance Ltd had investments integral to its general insurance activities with a net market value of $100 million.During the financial year,Ratchett received dividends and interest of $12 million and at the end of the year estimated that accrued interest receivable was $1 200 000.Also during the year,Ratchett acquired additional investments at a cost of $15 million and sold some investments for $14 million.The investments sold had been carried in its books at $13 million.At the end of the year,the investment portfolio had an estimated net market value of $110 million.In accordance with the requirements of Australian Accounting Standard AASB 1023 'Financial Reporting of General Insurance Activities',Ratchett should show total investment revenue for the year of:

At the Beginning of the Current Financial Year,Ratchett Insurance Ltd