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ordinary shares of Apple Corp., which represent a 25% investment in the net assets of Apple. IBM has the ability to On January 1, 2021, IBM Company paid P1,200,000 for 40.000 ordinary shares of Apple Corp., which represent a 250 IBM received exercise significant influence over Apple. dividend of P3 per share from Apple in 2021. The reported proft of Apple for the year ended December 31, 2021 was P640,000 a The balance of IBM's Investment in Apple at December 31, 2021 should be P1,200,000 P1,240,000 P1,360,000 P1,480,000 а. b. С. d.

ordinary shares of Apple Corp., which represent a 25% investment in the net assets of Apple. IBM has the ability to On January 1, 2021, IBM Company paid P1,200,000 for 40.000 ordinary shares of Apple Corp., which represent a 250 IBM received exercise significant influence over Apple. dividend of P3 per share from Apple in 2021. The reported proft of Apple for the year ended December 31, 2021 was P640,000 a The balance of IBM's Investment in Apple at December 31, 2021 should be P1,200,000 P1,240,000 P1,360,000 P1,480,000 а. b. С. d.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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No. 31
On January 1, 2021, IBM Company paid P1,200,000 for 40,000 investment in the net assets of Apple. IBM has the ability to ordinary shares of Apple Corp., which represent a 25% ordinary shares of Apple Corp., which represent a 250 IBM received exercise significant influence over Apple. dividend of P3 per share from Apple in 2021. The reported profs of Apple for the year ended December 31, 2021 was P640,000 a The balance of IBM's Investment in Apple at December 31, 2021 should be P1,200,000 P1,240,000 P1,360,000 P1,480,000 а. b. С. d.
Transcribed Image Text:On January 1, 2021, IBM Company paid P1,200,000 for 40,000 investment in the net assets of Apple. IBM has the ability to ordinary shares of Apple Corp., which represent a 25% ordinary shares of Apple Corp., which represent a 250 IBM received exercise significant influence over Apple. dividend of P3 per share from Apple in 2021. The reported profs of Apple for the year ended December 31, 2021 was P640,000 a The balance of IBM's Investment in Apple at December 31, 2021 should be P1,200,000 P1,240,000 P1,360,000 P1,480,000 а. b. С. d.
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