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What total amount of revenue should table company disclose

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Question - 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 4,000,000

10% 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.

Required - 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?

Reference no: EM133038058

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