Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Discover a wealth of knowledge from experts across different disciplines on our comprehensive Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

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?​