On January 1, 2016, B Company acquired 80% of A Company’s common stock for P280,000 cash. At that date, A reported common stock outstanding of P200,000 and retained earnings of P100,000, and the fair value of the
On January 1, 2016, B Company acquired 80% of A Company’s common stock for P280,000 cash. At that date, A reported common stock outstanding of P200,000 and
|
Year |
Net Income |
Comprehensive Income |
Dividends Paid |
|
2016 |
25,000 |
30,000 |
5,000 |
|
2017 |
35,000 |
45,000 |
10,000 |
B reported separate net income from own operations of P100,000 and paid dividends of P30,000 for both years.
What is the amount of consolidated comprehensive income reported for 2016?
What is the amount of comprehensive income attributable to controlling interest for 2017?
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 6 images
