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What amounts should be reported as investment at year-end

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Problem 1: At the beginning of current year, an entity purchased 10% of another entity's outstanding ordinary shares for P 4,000,000. The investees reported net income of P5,000,000 for the current year and paid cash dividend of P 1,500,000. What amounts should be reported as investment at year-end?

Reference no: EM132729362

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