1. On January 1, 20x1, Entity A acquires 25% interest in Entity B for
₱800,000. Entity B reports profit of ₱1,000,000 and declares dividends of
₱100,000 in 20x1. How much is the carrying amount of the investment in
associate on December 31, 20x1?

Question

05-03-2021
Business

Answered

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1. On January 1, 20x1, Entity A acquires 25% interest in Entity B for
₱800,000. Entity B reports profit of ₱1,000,000 and declares dividends of
₱100,000 in 20x1. How much is the carrying amount of the investment in
associate on December 31, 20x1?

Sagot :

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