Brookfield Asset Management Inc., a publicly traded company, reported in its financial statements for the year ended

Question:

Brookfield Asset Management Inc., a publicly traded company, reported in its for the year ended December 31, 2012, the following information: purchases of investments in associates, $1,232 million; share of profit of associates, $1,243 million; dividends received from associates, $375 million; investment in associates at year end, $11,689 million. Explain how each of these amounts should be reported in Brookfield's Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...