Brookfield Asset Management Inc., a publicly traded company, reported in note 8 to its financial statements for

Question:

Brookfield Asset Management Inc., a publicly traded company, reported in note 8 to its for the year ended December 31, 2010, the following information: purchases of investments in associates: $1,738 million; share of profit of associates: $765 million; dividends received from associates: $374 million; investment in associates at year end: $6,629 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...