At the beginning of 2021, Nobela Corporation bought 15% ownership stake in Joseph Corporation for P200,000 and classified it as FVPL investment. Joseph's net income for the years ended December 31, 2021, and 2022, were P500,000 and P1,000,000, respectively. At the end of 2022, Joseph declared a dividend of P300,000. No dividends were declared in 2021. On December 31, 2022, the fair value of the stock owned by Nobela had increased to P500,000. How much is the total income from this investment that will be reflected in the 2022 income statement?

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Q: At the beginning of 2020, Luz Inc. purchased 100,000 shares of Luccent Inc.'s ordinary shares at P40…

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Q: Boxer Company owned 20,000 shares of King Company that were purchased in 2019 for $500,000. On May…

A:

Q: On June 1, 2022, Madison Corporation purchased 100,000 shares of Steller, Inc., common stock for…

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A: SOLUTION- EXPLANATION- NET PROFIT IN 2019 = 300000 INCREASE IN INVESTMENT = 300000 *25%…

Q: On July 1, 2021, JKJ Corporation purchased 100 common shares of JMK Ltd. at $20 per share. JKJ…

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Q: how much should Hanz carry its investment in Eve?

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Q: Ivanhoe, Inc. acquired 30% of Tamarisk Corporation's voting stock on January 1, 2021 for $ 1020000.…

A: Share in income earned in 2021 = Income earned x 30% = $406000*30% = $121,800

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Q: On January 1, 2021, ABC purchased 90% of the outstanding shares of JKL Company at a cost of…

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Q: In January 2021, Tawatinaw Group paid $650,000 for 60,000 shares of Neerlandia Inc. giving Tawatinaw…

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A:

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.