Unrealized profit in ending inventory (40% x (6,000) 244,000

P15,000) (6,000)
Consolidated net income P572,000
NCI net income (20% x P244,000)
Attributable to controlling interest

33.

Internally generated net income, 2013 P 340,000

Puny
Realized gain

Adjusted internally generation net00

income, 2013
Internally generated net income, 2013 P235,000

Sandy
Unrealized profit in ending inventory (8,000)

(40% x P20,000)
Realized profit in beginning inventory 6,000 233,000
581,000
Consolidated total comprehensive income 46,600
P534,000
NCI net income (20% x P233,000) Comprehensive income attributable to

controlling interest

34.

Total comprehensive income Primo P250,000

Dividend income

Total comprehensive income from own

operations
Total comprehensive income Sofa 90,000
326,500
Consolidated total comprehensive income 22,500
P304,000
NCI net income (25% x P90,000)

Comprehensive income attributable to parent 35.

Retained earnings, 1/1/013 Padre P1,000,000

Consolidated total comprehensive income

attributable to parent:
Consolidated total comprehensive income P400,000

NCI net income (20% x P80,000) (16,000) 384,000

Dividends declared — Padre (100,000)

Consolidated retained earnings, 12/31/013 P1,284,000

36.

Total comprehensive income from own operations Peru P400,000

Total comprehensive income from own operations Syria 100,000
Amortization of excess book value over cost (P30,000/3)
Consolidated total comprehensive income

37.