Prime Corp acquired 90% of the outstanding ordinary share of Bee Company. On March 31, 2030, Prime sold equip
Prime Corp acquired 90% of the outstanding ordinary share of Bee Company. On March 31, 2030, Prime sold equip
Chapter8: Consolidated Tax Returns
Section: Chapter Questions
Problem 36P
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100%
Prime Corp acquired 90% of the outstanding ordinary share of Bee Company. On March 31, 2030, Prime sold equipment to Bee Company costing P150,000, with accumulated
On December 31, 2030, Prime and Bee reported net income from their own operation amounting to P1,000,000 and P600,000, respectively. Bee also paid dividend of P200,000.
What is the amount of Investment income under equity method for 2030?
Group of answer choices
524,633
516,625
522,050
520,425
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