Solution-What is the net asset amount attributable to the

What is the net asset amount attributable to the investment

Reference no: EM132838230

Problem 1: On January 1, 2002, Young Co. paid Php. 500,000 for 20,000 shares of Montana Co's ordinary shares and classified these as held for trading securities. Young does not have the ability to exercise significant influence over Montana. Montana declared and paid a dividend of Php .50 a share to its stockholders during 2002. Montana reported net income of Php 260,000 for the year ended December 31, 2002, is Php 27 per share. What is the net asset amount (which includes both investments and any related market adjustments) attributable to the investment in Montana that will be included on Young's balance sheet at December 31, 2002?

a. 530,000

b. 540,000

c. 569,000

d. 579,000

Reference no: EM132838230

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What is the net asset amount attributable to the investment

Reference no: EM132838230

Reference no: EM132838230

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