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COMPUTE FOR YOUR CARRYING AMOUNT * FOR THE YEAR ENDED 2021 2. MAB Company acquires 25% equity interest from BAM Company on January 1, 2020 for P242, 000. On December 30, 2020 BAM Company reported a P 923, 000 losses and declared a no dividends. December 30, 2021 Reported profit P 132, 000 Declared a dividends of P 100, 000 December 30, 2022 ● ● ● Reported losses P90, 000 Declared dividends of P 30, 000

COMPUTE FOR YOUR CARRYING AMOUNT * FOR THE YEAR ENDED 2021 2. MAB Company acquires 25% equity interest from BAM Company on January 1, 2020 for P242, 000. On December 30, 2020 BAM Company reported a P 923, 000 losses and declared a no dividends. December 30, 2021 Reported profit P 132, 000 Declared a dividends of P 100, 000 December 30, 2022 ● ● ● Reported losses P90, 000 Declared dividends of P 30, 000

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 2021 2. MAB Company acquires 25% equity interest from BAM Company on January 1, 2020 for P242, 000. On December 30, 2020 BAM Company reported a P 923, 000 losses and declared a no dividends. December 30, 2021 Reported profit P 132, 000 Declared a dividends of P 100, 000 December 30, 2022 Reported losses P90, 000 Declared dividends of 30, 000 # 19 250 PO 11 250 NONE OF THE ABOVE Other:
Transcribed Image Text:COMPUTE FOR YOUR CARRYING AMOUNT * FOR THE YEAR ENDED 2021 2. MAB Company acquires 25% equity interest from BAM Company on January 1, 2020 for P242, 000. On December 30, 2020 BAM Company reported a P 923, 000 losses and declared a no dividends. December 30, 2021 Reported profit P 132, 000 Declared a dividends of P 100, 000 December 30, 2022 Reported losses P90, 000 Declared dividends of 30, 000 # 19 250 PO 11 250 NONE OF THE ABOVE Other:
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