Voyager Ltd Acquired a 40% Interest in Sea Ltd for $60

Multiple Choice

Voyager Ltd acquired a 40% interest in Sea Ltd for $60 000. Voyager Ltd is part of a consolidated group. In the financial period immediately following the date on which it became an associate, Sea Ltd generated profits after tax of $32 000 and paid a dividend of $6000. After equity accounting has been applied, the balance in the investor's account 'shares in associate' is:

A) $72 800.
B) $70 400.
C) $60 000.
D) $86 000.