4. Entity A acquired 20% interest in Entity B on March 31, 2011 for P500,000. Entity B reports profit of P1M in 20x1, which was earned evenly throughout the period, and declares dividends

4. Entity A acquired 20% interest in Entity B on March 31, 2011<br>for P500,000. Entity B reports profit of P1M in 20x1, which was<br>earned evenly throughout the period, and declares dividends<br>

Extracted text: 4. Entity A acquired 20% interest in Entity B on March 31, 2011 for P500,000. Entity B reports profit of P1M in 20x1, which was earned evenly throughout the period, and declares dividends

of P300,000 at year-end. In 20x2, Entity B reports loss of<br>P200,000 and declares no dividends. What is the carrying<br>amount of the investment in associate on December 31, 20x2?<br>C. 600,000<br>d. 640,000<br>a. 550,000<br>b. 590,000<br>

Extracted text: of P300,000 at year-end. In 20x2, Entity B reports loss of P200,000 and declares no dividends. What is the carrying amount of the investment in associate on December 31, 20x2? C. 600,000 d. 640,000 a. 550,000 b. 590,000

Jun 10, 2022

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4. Entity A acquired 20% interest in Entity B on March 31, 2011 for P500,000. Entity B reports profit of P1M in 20x1, which was earned evenly throughout the period, and declares dividends

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