Monty Co acquired 30 per cent of the share capital of Tiger Co for P75,000 on 1 July 20X8. This resulted in Monty Co having joint control over Tiger Co. During the year to 30 June 20x9 Tiger Co made a profit after tax of P270, 000 and paid a dividend of P50,000.What amount will appear in the consolidated statement of financial position of Monty Co at 30 June 20X9 in respect of its investment in Tiger Co?

Answer rating: 100% (QA)

Investment value on the date of acquisition is P 75000 Share of Monty ... View the full answer