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COMPUTE FOR YOUR CARRYING AMOUNT * FOR THE YEAR ENDED 2020 16,3 MAB Company acquires 45% equity interest from BAM Company on January 1, 2020 for 860, 000. On December 30, 2020 BAM Company reported a P 940, 000 losses and declared a dividends P 200, 000. December 30, 2021 Reported profit P 180, 000 Declared a dividends of P 120, 000 December 30, 2022 ● Reported losses P 120, 000 Declared dividends of P 80, 000 O € 347 000 O € 374 000 O € 284 000 O O O NONE OF THE ABOVE Other:

COMPUTE FOR YOUR CARRYING AMOUNT * FOR THE YEAR ENDED 2020 16,3 MAB Company acquires 45% equity interest from BAM Company on January 1, 2020 for 860, 000. On December 30, 2020 BAM Company reported a P 940, 000 losses and declared a dividends P 200, 000. December 30, 2021 Reported profit P 180, 000 Declared a dividends of P 120, 000 December 30, 2022 ● Reported losses P 120, 000 Declared dividends of P 80, 000 O € 347 000 O € 374 000 O € 284 000 O O O NONE OF THE ABOVE Other:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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COMPUTE FOR YOUR CARRYING AMOUNT * FOR THE YEAR ENDED 2020 To MAB Company acquires 45% equity interest from BAM Company on January 1, 2020 for 860, 000. On December 30, 2020 BAM Company reported a P 940, 000 losses and declared a dividends P 200, 000. December 30, 2021 Reported profit P 180, 000 Declared a dividends of P 120, 000 December 30, 2022 Reported losses P 120, 000 Declared dividends of 80, 000 ● ● ● O P 347 000 O € 374 000 O € 284 000 O O NONE OF THE ABOVE O Other:
Transcribed Image Text:COMPUTE FOR YOUR CARRYING AMOUNT * FOR THE YEAR ENDED 2020 To MAB Company acquires 45% equity interest from BAM Company on January 1, 2020 for 860, 000. On December 30, 2020 BAM Company reported a P 940, 000 losses and declared a dividends P 200, 000. December 30, 2021 Reported profit P 180, 000 Declared a dividends of P 120, 000 December 30, 2022 Reported losses P 120, 000 Declared dividends of 80, 000 ● ● ● O P 347 000 O € 374 000 O € 284 000 O O NONE OF THE ABOVE O Other:
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