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What amount will ms net income change

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Problem - M Corporation purchased 25% of D Company's shares in January 2025. At the acquisition date, D has inventory with a market value of P60,000 greater than book value. On that date, M Corporation gives the ability to have joint control with another entity over D Company. D expects to sell the inventory during 2025. D has net income of P100,000 and pays P30.000 of dividends. What amount will M's net income change as a result of its investment in D?

Reference no: EM132852823

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