Alba SA applies the equity method to Brise SA, an associate. The carrying amount of the investment is 320,000 and Alba's share of the losses for the year is 500,000. Case convention: Alba has no other interest in Brise and no obligation towards it. Record the entry for the share of losses for the year.
- Carrying amount of the investment
- 320,000
- Share of losses for the year
- 500,000