Question: step by step solution needed to get the answer 47 YZA owns 25% of EFG. Opening net assets of each firm were 35,000 and 15,000

step by step solution needed to get the answer 47

YZA owns 25% of EFG. Opening net assets of each firm were 35,000 and 15,000 respectively. Profits for the current year are 10,000 and 8,000 respectively. YZA's net assets at year-end (in thousands) will be nearest: Select one: b. 58 c. 53 d. 47 e. N.o.T incorrect The correct answer is: 47

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