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Table owns 50% and 20% of Chair Corporation's ordinary and preference shares, respectively. Chair's shares outstanding at December 31, 2014 follow:
Ordinary share 4,000,00010% cumulative preference share 900,000
Chair reported net income of P600,000 for the year ended December 31, 2014 and declared the current year dividend on the preference shares.
Problem 1: What total amount of revenue should Table Company disclose in the statement of comprehensive income related to its investment in Chair Company for the year ended December 31, 2014?
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